Schneider Electric said on September 24 that it had reached an agreement to pursue an all-cash takeover of Bulgarian smart-home company Shelly Group at €70 per share, valuing the company at about €1.2 billion.
Schneider Electric agrees to a €1.2 billion takeover offer for smart-home maker Shelly
The French energy-management group plans an all-cash offer of €70 a share for Bulgaria's Shelly Group, backed by founders who collectively hold about 57% of the company.
