Telvent Announces Agreement for Acquisition by Schneider Electric
- Schneider Electric, S.A. to launch an offer to acquire all of Telvent GIT, S.A.'s shares at U.S. $40.00 per share, valuing the company at approximately EURO1.4 billion on an enterprise value basis
- Abengoa, S.A. irrevocably agrees to tender 40% stake in Telvent to Schneider Electric
Telvent GIT, S.A. (Nasdaq:TLVT ), a leading real-time IT solutions and information provider for a sustainable world, announced today that Telvent and Schneider Electric have entered into an agreement under which Schneider Electric will launch an offer to acquire all Telvent shares at U.S. $40.00 per share. In connection with the transaction, Abengoa has irrevocably agreed to tender its 40% stake in Telvent to Schneider Electric in the offer.
- Published: 01 June 2011
- Written by Editor