India, Oct. 4 -- France-based Schneider Electric (SBGSF.PK,SU.PA,SND.DE) is close to acquiring U.S. industrial software maker PTC Inc. (PTC) in a deal valued at about $20 billion, according to a report by the Financial Times, citing people familiar with the matter.
Shares of PTC closed down 1.67% at $144.03 on October 2, falling $2.44 during regular trading. However, the stock surged in overnight trading, rising 16.95% to $168.45, a gain of $24.4.
The proposed transaction could be announced as soon as Monday, although discussions are still ongoing and there is no guarantee that an agreement will be finalized, the report said.
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A deal would mark one of Sc...