Schneider Electric to Acquire American Power Conversion for $6.1 Billion

Schneider Electric and American Power Conversion (APC) have entered into a definitive merger agreement under which Schneider Electric will acquire all outstanding shares of APC for $31 per share in cash, totaling approximately $6.1 billion. The transaction is expected to close in the first quarter of 2007.

“Schneider Electric and American Power Conversion (APC) have entered into a definitive merger agreement under which Schneider Electric will acquire all outstanding shares of APC for an enterprise value of approximately $5.5 billion. The price per share is $31 and will be paid in cash for a total amount of approximately $6.1 billion.”

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