Schneider Electric acquires 55% stake in APW President Systems - MarketLine Financial Deals

Schneider Electric acquires 55% stake in APW President Systems

Schneider Electric acquires 55% stake in APW President Systems - MarketLine Financial Deals
Schneider Electric acquires 55% stake in APW President Systems
Published May 20, 2011
3 pages — Published May 20, 2011
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Brief Excerpt:

...Schneider Electric SA, a France-based energy management company, through its Singapore-based subsidiary Schneider Electric South East Asia (HQ) Pte., Ltd., has acquired a 55% stake in APW President Systems, Ltd., an India-based designer and manufacturer of standard and customized racks and enclosure systems, from the promoter shareholders. Announcement (January 7, 2011): Schneider Electric has signed an agreement to acquire a 55% stake in APW President Systems from the promoter shareholders for a consideration of approximately INR622 million ($13.55 million). Schneider Electric will acquire the shares at INR195 ($4.26) per share. Schneider Electric will also make a mandatory open offer for up to 20% of the share capital of APW to the other shareholders. Depending on the response to the open offer, additional shares can be acquired from the promoter shareholders, provided that the total number of shares acquired from the promoter shareholders, together with the shares acquired under the...

  
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MA46145_110112
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SCHN=FR
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MLA:
MarketLine Financial Deals. "Schneider Electric acquires 55% stake in APW President Systems" May 20, 2011. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Schneider-Electric-acquires-55-stake-in-APW-President-Systems-2052-50940>
  
APA:
MarketLine Financial Deals. (2011). Schneider Electric acquires 55% stake in APW President Systems May 20, 2011. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Schneider-Electric-acquires-55-stake-in-APW-President-Systems-2052-50940>
  
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