Schneider accepts Carlyle, PAI offer for sensors unit

Schneider Electric (SBGSF) says it accepted a binding offer made by P-E funds Carlyle Group (CG) and PAI Partners for its sensors business in a deal based on an enterprise value of $900M.

According to the deal, Schneider would invest $100M in CST and retain a 30% stake in the unit.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs