SCHNEIDER ELECTRIC TO ACQUIRE PTC FOR $23.7B

Schneider Electric agreed to buy industrial software maker PTC ($PTC) in an all-cash deal at $205 per share, valuing the company's equity at $22.6 billion and implying a $23.7 billion enterprise value. The offer is a 42.3% premium to PTC's last closing price before the announcement. Closing is expected by the third quarter of 2027, pending shareholder and regulatory approval.