India, Oct. 5 -- Schneider Electric SE (SBGSF.PK,SU.PA,SND.DE), a French energy technology company, said on Monday that it has inked a deal to buy PTC Inc. (PTC), an industrial product designer, engineering, and data management company, for $205 per share in cash. The transaction values PTC at around $22.6 billion (€20.1 billion), which implies a $23.7 billion enterprise value.
The acquisition price of $205 per share represents a 42.3% premium to the last closing price and a 46.1% premium to the previous 30 trading days volume-weighted average share price.
The total consideration is expected to be funded through a combination of an equity issuance of around €5 billion to €6 billion and a new debt issuance of approximatel...