BUZZ - Schneider Electric's shares plunge after announcing a $22.6 billion acquisition of PTC
路透社2026/10/05 07:46October 5 - Schneider Electric (SCHN.PA) shares fell 8% after announcing a deal to acquire PTC (PTC.O) in an all-cash transaction, valuing the US software company at approximately 22.6 billions USD. Schneider will acquire PTC shares at $205 per share, with the funding raised through a combination of equity and debt issuance. Analysts unanimously agreed that the rationale for the deal is clear, but also pointed out concerns related to artificial intelligence. RBC stated that the deal valuation is reasonable, but it will increase Schneider's exposure to AI-related risks in the pressured industrial software assets sector. Jefferies concurred, noting that these concerns have led to the deal being struck at the lowest valuation in a decade, which may put pressure on the stock once the transaction is completed. “The integration process could be complex, and the market may reassess capital allocation as a result,” RBC added. Baird stated that, as Schneider makes a significant bet on providing infrastructure for data centers, the merger with PTC will create a "giant" in the field of industrial data management. As of the last trading day's close, Schneider Electric's stock price had risen 29% year-to-date. (USD 1 = EUR 0.8938)
October 5 - ** Schneider Electric (SCHN.PA) shares fell 8% following a deal (link) to acquire PTC (PTC.O) in an all-cash transaction, valuing the US software company at approximately $22.6 billion
** Schneider will acquire PTC shares at $205 per share; financing for the deal will be raised through a combination of equity and debt issuance
** Analysts unanimously agree that the rationale for the deal is obvious, but also point out concerns related to artificial intelligence
** Royal Bank of Canada (RBC) stated that the deal's valuation multiples are reasonable, but it will intensify Schneider's exposure to AI-related risks in the pressured industrial software assets sector
** Jefferies agreed: it is these concerns that have led to the deal being struck at the lowest valuation in a decade, which may weigh on the stock price after the transaction is completed
** "The integration process may be more complex, and the market may therefore re-examine capital allocation issues," RBC added
** Baird stated that as Schneider bets big on providing infrastructure for data centers, the merged entity of PTC and Schneider will create a "giant" in the field of industrial data management
** As of the close of the previous trading day, Schneider Electric shares were up 29% year-to-date
(1 US dollar = 0.8938 euro)
(To assist non-English speakers, Reuters has automatically translated its reports into several other languages. Because automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for the convenience of readers. Reuters assumes no responsibility for any damages or losses resulting from the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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European Equities Traded in the US as American Depositary Receipts Track Lower in Monday Trading
11:12 AM EDT, 10/05/2026 (MT Newswires) -- European equities traded in the US as American depositary receipts opened the week lower late Monday morning, declining 0.14% to 1,883.96 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by lender Banco Santander (SAN) and brewing company Anheuser-Busch InBev (BUD), which advanced 3.2% and 0.8% respectively. They were followed by 3D printer company Materialise (MTLS) and internet browser company Opera (OPRA), which were up 0.6% and 0.3% respectively. The decliners from continental Europe were led by biopharmaceutical company Nokia (NOK) and biopharmaceutical company Cellectis (CLLS), which lost 3.2% each. They were followed by biopharmaceutical company DBV Technologies (DBVT) and petroleum refiner Equinor (EQNR), which decreased 0.9% and 0.4%, respectively. The gainers from the UK were led by biopharmaceutical company Bicycle Therapeutics (BCYC) and software firm Endava plc (DAVA), which climbed 17% and 1.6% respectively. They were followed by medical device maker Smith & Nephew (SNN) and biotech firm Trinity Biotech (TRIB), which increased 1.2% and 1.4% respectively. The decliners from the UK and Ireland were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which dropped 3.9% and 1.4% respectively. They were followed by hospitality company InterContinental Hotels Group (IHG) and pharmaceutical company GSK (GSK), which fell 1.1% and 1% respectively.
BUZZ-Insmed Chief Financial Officer Sara Bonstein resigns; stock price drops
Latest updates as of October 5: - Pharmaceutical company Insmed (INSM.O) shares fell by 8.4%, closing at $101.93. - Sara Bonstein will step down as Chief Financial Officer, effective October 30. - Insmed was mentioned in analyst reports as a potential acquisition target (link). - “One possible reason for today's decline in share price is that the CFO's departure may lead investors to believe an acquisition is less likely in the short term—we note that recent discussions among investors about this possibility have increased,” RBC Capital Markets added. - The company reaffirmed its fiscal 2026 performance guidance and stated it has begun the search for the next CFO. - RBC described the transition as “overall positive,” and noted that since the CFO change will occur after Insmed releases its Q3 results on October 29, the timing should help ensure a smooth transition. - Including intraday fluctuations, the stock has dropped 41.3% year-to-date. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translations may be inaccurate or may not include all desired context, Reuters does not guarantee the accuracy of the translated texts, which are provided solely for reader convenience. Reuters is not liable for any damages or losses resulting from the use of this automated translation.)
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