15th Jun 2016 06:13
LONDON (Alliance News) - AVEVA Group PLC on Wednesday said preliminary talks with Schneider Electric SA about a potential reverse takeover of AVEVA have been terminated, just two days after confirming it had renewed talks with the French industrials group.
Shares in AVEVA were suspended from trading Monday after it said it had received a conditional proposal from Schneider for a reverse takeover, following a previous reverse takeover deal between the two had collapsed in December last year.
As the new talks have now been terminated, AVEVA has requested the suspension of its shares to be lifted, and they will resume trading at market open Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
AVV.L