Schneider Electric raises EUR 6 billion via accelerated bookbuild, shares slip
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Schneider Electric shares slid Tuesday after the French electrical equipment maker raised €6 billion ($6.74 billion) through an accelerated bookbuild to institutional investors. Still guessing which stocks will beat the market? Our AI portfolio updates monthly…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA capital raise of this size weighs on the stock and helps fund a US software acquisition.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Schneider Electric raised EUR 6 billion via an accelerated bookbuild.
- 0225 million new shares were placed at EUR 240, a 4.99% discount.
- 03Net proceeds will partly finance the proposed acquisition of a US software company.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets