Schneider Electric has sweetened its takeover offer for London-listed software firm Aveva to around £9.86bn.
French industrial group Schneider has agreed to buy the roughly 40% of Aveva it does not already own for 3,225p per share in cash. This is up from a previous offer of 3,100p.
The increased and final offer from Schneider represents a 47% premium to the closing Aveva share price on 23 August, which was the last day before the start of the offer period.
In order for all Aveva shareholders to be able to properly consider the increased offer, a court meeting that had been due to be held on 17 November has now been adjourned to 25 November.
