Schneider Electric is trading at $61.11, down -10.66%, after agreeing to buy U.S. software company PTC in a $22.6 billion deal, its largest acquisition ever.
- Reuters reported Schneider shares fell 7.2% in Europe after the announcement; investors are weighing the scale of the transaction.
- European shares edged higher in the same report, pointing to a company-specific catalyst rather than a broad-market decline.
- The quote is live at 9:49 a.m. ET; no volume information was provided.