(Boursier.com) — Schneider-Electric raises its buyout offer on the balance of the capital (41%) of Aveva that it does not yet hold. The Rueil-Malmaison-based group is now offering £32.25 in cash per Aveva share, an increase of around 4% on the previous offer of £31 per share which valued the industrial software maker at around 9.5 £bn. This new proposal comes at a time when several investors had deemed the initial offer too weak. She was recommended by Aveva’s Independent Directors Committee. Schneider Electric specifies that this is its final offer unless a competing proposal emerges.
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