PTC surges on $22.6 billion Schneider buyout deal
Share
- Schneider Electric agreed to acquire industrial software company PTC in an all-cash transaction.
- The deal values PTC's equity at $22.6 billion and caused shares to jump 34.6% in premarket trading.
- The acquisition expands Schneider's industrial AI and software portfolio.
PTC (NASDAQ:PTC) shares surged 34.6% to $193.80 in premarket trading after agreeing to a buyout.
The $205 per share offer represents a 42.3% premium over the software firm's previous closing price.
Schneider Electric stated that the transaction values the company's equity at approximately $22.6 billion.
The transaction marks the largest acquisition in the history of the acquiring French industrial group.
The industrial software group stated that the transaction will complement its previous acquisition of industrial data provider Cognite Holding.
Prior to the announcement PTC stock had fallen 17.3% year-to-date while the buyer gained 17.4%.
Frequently asked questions
More from United States
Lamar raises 2026 AFFO outlook to $8.97
Lemonade posts $336 million Q3 revenue, narrows loss
BD reveals $5.27 billion Q4 revenue, raises 2027 outlook
Cummins earnings surge to $1.14 billion as sales climb 13%
Six Flags reveals $1.17 billion Q3 revenue amid $366 million loss
EPAM Systems reports $1.43B Q3 revenue, expands buyback to $1.8B
