The Market Hated This $23.7B Deal. I Bought More
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Hi,
⚡ Schneider Electric just announced the biggest acquisition in its 190 year history: PTC for $23.7 billion. In two days the stock fell from €303 to about €262 and lost more than €23 billion of market value, while the premium it pays is only about €6 billion. I bought more. Here is why.
🏭 Schneider is older than the light bulb, the telephone and a united Germany. It built France's first locomotive, the first motor buses in Paris and France's first tank, and for almost twenty years it owned the Škoda Works in Plzeň. It has survived steam, electricity, the combustion engine a...