Inactive Instrument

AVEVA Group

Equities

AVV

GB00BBG9VN75

Aveva Reaches Agreement With Schneider on Final Takeover Offer

November 11, 2022 at 08:58 am EST

By Michael Susin

Aveva Group PLC said on Friday that it has reached an agreement with Schneider Electric for an increased and final recommended cash takeover offer for Aveva's shares.

The U.K. engineering and industrial-software company said the final offer values its total share capital at around 9.8 billion pounds ($11.55 billion) on a fully diluted basis, implying an enterprise value of GBP10.57 billion.

The company said shareholders will have the right to consider the offer at the general meeting in Nov. 25.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

11-11-22 0857ET

Latest news about AVEVA Group

McDermott, AVEVA and Aras Sign Lighthouse Agreement to Enhance Digital Efficiency	23-10-30	CI
AVEVA Announces Board Appointments	23-09-20	CI
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Aveva Delists from London Following Schneider Takeover	23-01-19	MT
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Schneider Electric completes Aveva takeover	23-01-18	AN
AVEVA Group plc(LSE:AVV) dropped from FTSE techMARK All-Share Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE 350 Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE 350 (Ex Investment Companies) Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE All-Share Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE 100 Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE All-World Index	23-01-18	CI
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Schneider Electric S.E. (ENXTPA:SU) completed the acquisition of 40.86% stake in AVEVA Group plc from from J. Patrick Kennedy and others.	23-01-17	CI
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Bernstein cuts Aveva to 'market-perform'	23-01-04	AN
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CORRECT: Aveva takeover by Schneider Electric clears conditions	22-12-14	AN

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Company Profile

AVEVA Group plc specializes in the development and publishing of engineering software for use in the oil and gas, chemical and pharmaceutical, shipbuilding, and electricity production industries. Net sales break down by activity as follows: - rental of software and sale of subscriptions (35.8%); - support and maintenance services (29.1%); - sale of licenses (24.7%); - other (10.4%). Net sales are distributed geographically as follows: Europe/Middle East/Africa (38.7%), Americas (39.4%) and Asia/Pacific (21.9%).

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