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Mass. Software Maker Gets $1B Investment From Rockwell

Law360, Boston (June 11, 2018, 6:02 PM EDT) -- Massachusetts software maker PTC Inc. will get a $1 billion investment from Milwaukee-based Rockwell Automation Inc. as both look to spike growth rates by integrating their resources, the companies announced Monday.

The agreement, which is expected to close within 60 days, calls for Rockwell to buy nearly 10.6 million newly issued PTC shares at a price of $94.50. The purchase price is 8.6 percent above PTC’s closing price Friday and will give Rockwell about an 8.4 percent ownership stake in PTC, the two sides said in a...
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