Schneider Electric to acquire PTC for $205 per share in cash

Schneider Electric will acquire PTC for $205 per share in cash, a 42.3% premium to the last close. The deal values PTC equity at $22.6 billion and implies an enterprise value of $23.7 billion. Schneider expects €250 million in annual cost synergies by year three and €800 million in revenue synergies. 13 clean stories shaped this window, with sentiment strongly bullish at 76/100. Also in focus: C.H. Robinson to acquire RXO for $5.8 billion in stock-and-cash deal.