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Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:05 EDTCGCarlyle offer to acquire Schneider Electric unit accepted
Schneider Electric announced that it has accepted the binding offer from The Carlyle Group (CG) and PAI partners, which was received and announced on April 3, to acquire Custom Sensors & Technologies Inc. based on an enterprise value of $900M. As part of the transaction, Schneider Electric will reinvest approximately $100M alongside Carlyle, PAI and CST management to own a shareholding of about 30% of CST. This offer has been accepted after consultation with the relevant works councils and trade unions, Schneider noted. The transaction is expected to close by the end of the year, subject to various regulatory approvals.
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October 7, 2014
07:09 EDTCGAlternative asset managers shares attractive, says JPMorgan
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