British Software Co. Invensys In $5B Takeover Talks

Law360, New York (July 12, 2013, 4:55 PM EDT) -- Invensys PLC, a British maker of industrial automation software, said Friday it is in talks to be acquired by Schneider Electric SA of France in a deal worth up to £3.3 billion ($5 billion).

Invensys said it had received a preliminary offer of £5.05, or about $7.63, per share from Paris-based Schneider, about two-thirds in cash and the remainder in newly issued stock. Invensys said its board would likely recommend an offer at that price, which is about a 15 percent premium to the company's closing...
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