Apr 19, 08:25 AM

Schneider Electric Nears $15B Takeover of Bentley Systems, Keeping it Public

Schneider Electric is currently in discussions to acquire control of Bentley Systems, a prominent engineering-software company. The potential deal, valued at over $15 billion, would involve merging Schneider's software business with Bentley Systems, which would continue to operate as a public entity. This acquisition could represent one of the largest takeovers of an American firm by a French corporation. Multiple sources, including Reuters and The Wall Street Journal, have confirmed the ongoing talks, highlighting the significant interest in Bentley Systems from various parties. Additionally, Citi has discussed the deal's implications, and Bentley Systems' stock has experienced a minor change, decreasing by 0.1% pre-market.

#Schneider Electric #Bentley Systems #Schneider #American #French #Reuters #The Wall Street Journal #Citi

Written with ChatGPT (GPT-4).

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Schneider Electric Nears $15B Takeover of Bentley Systems, Keeping it Public

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