BRIEF-Schneider Electric To Buy Motivair Corporation For $850 Mln

0.00% Pre

-0.62%

-0.24%

+0.23%

Schnitzer Steel Industries, Inc. Class A SCHN	33.20 33.20	0.00% 0.00% Pre
Dow Jones Industrial Average DJI	48114.26	-0.62%
S&P 500 index SPX	6800.26	-0.24%
NASDAQ IXIC	23111.46	+0.23%

Oct 17 (Reuters) - Schneider Electric SE SCHN.PA:

TO BUY INITIAL 75% CONTROLLING INTEREST IN LIQUID COOLING SOLUTIONS FIRM MOTIVAIR CORPORATION
TRANSACTION EXPECTED TO CLOSE IN COMING QUARTERS
MOTIVAIR WOULD BE REPORTED WITHIN ENERGY MANAGEMENT BUSINESS OF SCHNEIDER ELECTRIC
EXPECTED TO ACQUIRE REMAINING 25% OF NONCONTROLLING INTERESTS IN 2028
ACQUISITION FOR ALL-CASH CONSIDERATION OF $850 MILLION

Further company coverage: SCHN.PA

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.