Schneider Electric shares fall over 3% following 6 billion euro fundraising
PTC PTC Inc
$193.80 -0.10%
View chart & analysis → - 1Schneider Electric raised 6 billion euros through an accelerated bookbuilding process.
- 2Schneider Electric shares fell more than 3% overnight as 25 million new shares were placed.
- 3Schneider Electric agreed earlier this month to acquire PTC for a value of 22.6 billion dollars.
So what's the key point?
Schneider Electric issued new shares to raise 6 billion euros. During this process, the stock price fell by more than 3%.
Source Investing.com · View original ↗
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