PTC announced the U.S. Air Force renewed its Servigistics service supply chain solution under the ESCAPE program, extending a nearly decade-long relationship.
bullish 65 · impact 50
Monteverde & Associates PC has announced an investigation into the fairness of PTC Inc.'s proposed sale to Schneider Electric SE. Under the deal, PTC shareholders would receive $205 in cash per share. The law firm is questioning whether the transaction is fair to shareholders.
S&P 500 futures edge lower; Vaxcyte, PTC surge in premarket.
bearish 40 · impact 20
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.
bullish 85 · impact 80
