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Schneider Electric to buy PTC in $23 billion deal

Original: PTC Surges After Schneider Electric Agrees to $23 Billion Acquisition 📰 Original title: Stocks to Watch Recap: PTC, Inte

Shares of industrial software maker PTC jumped after Schneider Electric agreed to acquire the company in a deal valued at about $23 billion. The move gives the French electrical equipment group a larger stake in industrial automation and digital engineering software. Markets are watching the price PTC commanded and what the deal signals for consolidation in industrial technology.

Why now: The surprise $23 billion acquisition triggered a sharp move in PTC's share price.

PTCSchneider ElectricIntelNubank

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Evidence

• PTC Surges After Schneider Electric Agrees to $23 Billion Acquisition 📰 Original title: Stocks to Watch Recap: PTC, Intel, Nubank 🤖 IA: It's not clickbait ✅ 👥 Users: It's not clickbait ✅ 👇👇👇 https:// en.killbait.com/ptc-surges-aft… · killbait

API: https://socialmediatrends-api.osmike.com/v1/trends/1194177