Schneider Electric is trading at $53.00, down -4.90%, after an approximately €6 billion equity raise to help finance its roughly €22 billion PTC acquisition.
- On October 22, the share sale excluded preferential rights for existing shareholders; a report said the stock was reacting to the financing operation.
- Two brokerages revised price targets the previous day.
- The decline was sharper than the Paris index’s 1.53% drop amid broader risk-off sentiment.