🟢 Autodesk is trading 4.13% up today after Schneider Electric’s $22.6 billion PTC offer

Autodesk is trading at $220.75, up 4.13%, after Schneider Electric announced a $22.6 billion cash deal for PTC, prompting investors to revalue comparable engineering-software businesses.

• Autodesk was up 3.8% in pre-market trading; the PTC offer carried a 42.3% premium.
• The same report said the S&P 500 was up 0.1% and the Nasdaq was essentially flat.
• Autodesk’s September 28 Arcadis collaboration was additional context; the report identified the PTC transaction as the main catalyst.