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10.30.2006 - American Power Conversion to be Acquired by Schneider Electric in a Transaction Valued at Approximately $6.1 Billion



View News related news. WEST KINGSTON, R.I. - October 30, 2006 - American Power Conversion Corporation (Nasdaq:APCC) (APC), a global leader in power availability solutions, and Schneider Electric SA (Paris: SU.PA) (Schneider Electric), a leading provider of solutions for electrical distribution, industrial control and automation projects, announced today that the two companies have executed a definitive merger agreement under which Schneider Electric will acquire all outstanding shares of APC for $31.00 per share in cash. The aggregate transaction value is approximately $6.1 billion.

- View Press Release
- Visit APC (American Power Conversion Corp.)

NID: 13541 / Submitted by: TACKtech Team
Categories: Press Release
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