French company Schneider said it was considering a bid for the entire Aveva software company, and said it had until September 21 to make a decision.
“No offer has yet been made to Aveva and there can be no certainty that an offer will be made, nor on what terms,” ​​he stressed, adding that he has until 16:00 GMT on September 21 to make a decision.
Aveva’s stock is up 32%, raising its market capitalization to 8.6 billion pounds ($10.13 billion).
Schneider shares are up 0.7%.
Schneider originally wanted to acquire a stake in Aveva in 2017, in a deal that Schneider said would result in a combined company that would be better positioned to serve a wide range of industries.
Source: Capital
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