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Schneider Electric SE (SBGSF)

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  • May. 15, 2014, 2:38 PM
    • 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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  • Mar. 10, 2014, 7:20 AM
    • Schneider Electric (SBGSF) confirms it's in discussions with prospective suitors about selling them its sensors unit CST.
    • Les Echos reports that Schneider is in talks with private-equity firm Carlyle (CG) and PAI Partners about a deal that could see the electrical-gear maker reap up to $900M and retain 30% of CST.
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  • Oct. 15, 2013, 7:15 AM
    • Siemens (SI -2.1%) is reportedly in advanced negotiations to sell its water-technologies operations to AEA Investors for $800M after the New York private-equity firm beat out American Industrial Partners in the final round of bidding.
    • Siemens said last year that it intended to sell the unit as part of its plan to focus on its most profitable assets.
    • The conglomerate is also in advanced discussions to sell its postal automation and baggage-handling division unit to P-E firm Triton.
    • In addition, Siemens has received bids from ABB (ABB) and Schneider (SBGSF.PK), among other suitors, for its wiring accessories activities. The offers value the unit's equity and debt at €150-200M.
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  • Jul. 31, 2013, 3:48 AM
    • France's Schneider Electric (SBGSF.PK) has agreed to acquire U.K. based Invensys (IVNSF.PK) for £3.4B ($5.2B) in cash and shares.
    • Schneider is offering 502 pence a share, or a 14% premium to Invensys' closing price of 440 pence on July 11, before the negotiations between the firms became public.
    • The deal provides Schneider with software and control systems used by chemicals makers, oil refineries, and mining companies.
    • Expects €400M in annual revenue synergies by 2018, which would increase earnings by €65M in that year. Schneider also forecasts €140M in annual cost savings by 2016, and €80M euros in annual tax savings over the first five years. (PR)
    • Schneider H1 net profit €831M vs €876M a year earlier and vs consensus of €837M. (PR)
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  • Jul. 30, 2013, 2:10 PM
    • France's Schneider Electric (SBGSF.PK) is nearing a £3.3B (~$5B) deal to acquire British engineer Invensys (IVNSF.PK) 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 (EMR) could come in even after a potential announcement tomorrow.
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  • Jul. 15, 2013, 8:03 AM
    GE (GE) is reportedly preparing a £3.5B bid for Invensys (IVNSF.PK) after France's Schneider Electric (SBGSF.PK) offered £3.3B for the U.K. industrial-software company last week. An auction could drive up Invensys' share price to 550 pence, valuing it at £3.6B. In the meantime, the firm's shares are +1.5% at 509.50 pence in London.
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  • Jul. 12, 2013, 4:14 AM
    France's Schneider Electric (SBGSF.PK) has offered to acquire Britain's Invensys (IVNSF.PK) for £3.3B in cash and stock, or 505 pence a share. Invensys, which makes industrial software and control systems, is likely to recommend the bid and the companies are in talks. The U.K. firm has been a takeover target since the collapse of a deal with Emerson Electric in 2012. The question now is whether other suitors might be tempted to jump back in for Invensys, whose shares are +14.4% at 503.58 pence in London. (PR)
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  • Aug. 6, 2012, 2:50 PM
    Avago (AVGO +0.1%) is close to buying Schneider Electric's (SBGSF.PK) sensor division for ~$1B, Reuters reports. A purchase would put Avago, which currently has a $9B market cap and almost no debt, on better footing in the sensor market against Texas Instruments, STMicroelectronics, and a slew of Japanese rivals.
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  • Apr. 11, 2011, 8:05 AM
    Schneider Electric (SBGSF.PK) is reportedly weighing a takeover bid for Tyco (TYC) that would make the French company the world’s biggest maker of security systems. Tyco +6% premarket. Schneider -3.6% in European trading.
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Company Description
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Sector: Technology
Country: United States