PTC surges after Schneider Electric agrees to $22.6 billion buyout
+33.49% to $192.26 from $144.03
What moved PTC
- Schneider Electric signed a definitive agreement to acquire PTC for $205 per share in cash, valuing PTC’s equity at roughly $22.6 billion and implying an enterprise value of about $23.7 billion.
- The offer price represents a 42.3% premium to PTC’s last closing price before the announcement.
- Schneider Electric CEO Olivier Blum said the deal creates “the industry’s most complete Software & AI powerhouse” by linking data across a product’s lifecycle.
- Schneider expects about $250 million in annual cost savings by the third year after closing plus roughly $800 million in revenue synergies, with the deal expected to close by Q3 2027.
- The cash consideration is backed by a fully committed bridge facility from Morgan Stanley and Société Générale, to be refinanced with new equity and debt issuance.
Sources: GuruFocus · Silicon Republic