Telvent GIT/Schneider Electric
On June 1, 2011, Telvent GIT, S.A. (Nasdaq: TLVT), and Schneider Electric entered into an agreement whereby Schneider will acquire Telvent for $40 per share.
In connection with the transaction, Abengoa has irrevocably agreed to tender its 40 percent stake in Telvent to Schneider Electric in the offer.
Schneider Electric expects to launch its tender offer by mid-June 2011 and to close the transaction in Q311.
In connection with the transaction, Abengoa has irrevocably agreed to tender its 40 percent stake in Telvent to Schneider Electric in the offer.
Schneider Electric expects to launch its tender offer by mid-June 2011 and to close the transaction in Q311.
