BUZZ - Schneider Electric's shares plunge after announcing a $22.6 billion acquisition of PTC
路透社2026/10/05 07:46October 5 - Schneider Electric (SCHN.PA) shares fell 8% after announcing a deal to acquire PTC (PTC.O) in an all-cash transaction, valuing the US software company at approximately 22.6 billions USD. Schneider will acquire PTC shares at $205 per share, with the funding raised through a combination of equity and debt issuance. Analysts unanimously agreed that the rationale for the deal is clear, but also pointed out concerns related to artificial intelligence. RBC stated that the deal valuation is reasonable, but it will increase Schneider's exposure to AI-related risks in the pressured industrial software assets sector. Jefferies concurred, noting that these concerns have led to the deal being struck at the lowest valuation in a decade, which may put pressure on the stock once the transaction is completed. “The integration process could be complex, and the market may reassess capital allocation as a result,” RBC added. Baird stated that, as Schneider makes a significant bet on providing infrastructure for data centers, the merger with PTC will create a "giant" in the field of industrial data management. As of the last trading day's close, Schneider Electric's stock price had risen 29% year-to-date. (USD 1 = EUR 0.8938)
October 5 - ** Schneider Electric (SCHN.PA) shares fell 8% following a deal (link) to acquire PTC (PTC.O) in an all-cash transaction, valuing the US software company at approximately $22.6 billion
** Schneider will acquire PTC shares at $205 per share; financing for the deal will be raised through a combination of equity and debt issuance
** Analysts unanimously agree that the rationale for the deal is obvious, but also point out concerns related to artificial intelligence
** Royal Bank of Canada (RBC) stated that the deal's valuation multiples are reasonable, but it will intensify Schneider's exposure to AI-related risks in the pressured industrial software assets sector
** Jefferies agreed: it is these concerns that have led to the deal being struck at the lowest valuation in a decade, which may weigh on the stock price after the transaction is completed
** "The integration process may be more complex, and the market may therefore re-examine capital allocation issues," RBC added
** Baird stated that as Schneider bets big on providing infrastructure for data centers, the merged entity of PTC and Schneider will create a "giant" in the field of industrial data management
** As of the close of the previous trading day, Schneider Electric shares were up 29% year-to-date
(1 US dollar = 0.8938 euro)
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