28th Jan 2021 16:24
(Alliance News) - AVEVA Group PLC on Thursday it is still looking to gain approval from a US regulator for its USD5.0 billion acquisition of data management software firm OSIsoft LLC.
The FTSE 100 information technology firm has so far received all antitrust and regulatory clearances for the deal, except for the Committee on Foreign Investment in the US.
The parties involved in the acquisition will enter a new period of up to 45 days to allow more time for further review and discussion with the CFIUS.
"The board is looking forward to the completion of the transaction and remains excited about the value that the combination will deliver to AVEVA's customers, partners and investors," the group stated.
Shares in AVEVA were down 1.0% at 3,684.00 pence on Thursday afternoon in London.
By Dayo Laniyan; [email protected]
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