PTC Surges 36% After Schneider Electric Agrees $22 Billion Takeover
Updated
Updated · CNBC · Oct 5
PTC Surges 36% After Schneider Electric Agrees $22 Billion Takeover
2 articles · Updated · CNBC · Oct 5
Summary
PTC jumped 36% in premarket trading after agreeing to be acquired by Schneider Electric for $205 a share, valuing its equity at more than $22 billion.
The cash deal gives investors a sharp premium and is expected to close by the third quarter of 2027, pending customary approvals.
The takeover led premarket movers, outpacing other gainers including Brazil-linked stocks, which rallied after Flavio Bolsonaro led Luiz Inacio Lula Da Silva by about 2 percentage points.