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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.
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