- France's Schneider Electric (OTCPK:SBGSF) is nearing a £3.3B (~$5B) deal to acquire British engineer Invensys (OTC:IVNSF) and could announce it as soon as tomorrow, Reuters reports.
- The structure of the share-plus-cash deal should remain roughly the same as the one initially presented earlier this month, as no other bidder has emerged to challenge Schneider's bid.
- One source says there's still a 10%-15% chance that a rival bidder such as Emerson (NYSE:EMR) could come in even after a potential announcement tomorrow.