Whenever you throw a rock into a pool, you produce ripples. So too will Schneider Electric (OTCPK:SBGSY), I think, with its announced bid for automation and process control rival Invensys (OTCPK:IVNYY). With its rail business sold to Siemens (SI) and its pension issues cleaned up, Invensys is an appealing target for any company that wants to add scale in automation and process control, to say nothing of grabbing one of the best industrial software businesses around.
The question is whether or not Schneider's GBP 5.05/share bid gets the job done. This bid is already pretty fair (perhaps even more than, if you don't believe Invensys can/will improve its margins), but there aren't too many properties that...
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