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PTC Stock Jumps After Report Says Schneider Electric Nears $20 Bln Deal
Source: Nasdaq
M&A & RestructuringTechnology & Innovation
Schneider Electric is reportedly close to acquiring U.S. industrial software maker PTC in a deal valued at about $20 billion, according to the Financial Times, citing people familiar with the matter. The report describes a potential transaction; no deal terms beyond the reported valuation are provided.
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