Ultime notizie per Schneider Electric (OTC:SBGSY) Azioni

SCHNEIDER ELECTRIC S

Schneider Electric is a leading global supplier of electrical and industrial automation equipment. The group has four end markets: buildings, data centers, infrastructure, and industry, each of which, relies on Schneider's products and solutions to ensure their operations run safely and efficiently. Schneider sells its products via distributors (45% of revenue), direct to customers (40% of revenue), and the remainder through other channels such as panel builders or system integrators. The group's largest geographic markets are the US, China, and India.

SCHNEIDER ELEC UNSP/ADR by Schneider Electric SE

Schneider Electric SE

France&#8217;s Hôtel Matignon is set to have a new resident now that President Emmanuel Macron has tapped a centrist ally, François Bayrou, as <a href="https://www.benzinga.com/topic/france">the new prime minister</a>. 
What Happened: Macron&#8217;s announcement comes roughly one week after former PM Michel Barnier lost a <a href="https://www.benzinga.com/markets/eurozone/24/12/42330913/mohamed-el-erian-calls-michel-barniers-ouster-an-example-of-messy-politics-notes-greek-and-french-bonds-achieving-historic-parity">no-confidence vote and resigned</a>. 
Bayrou, a 73-year-old political veteran and founder of the centrist Democratic Movement, has run for president three times. 
He's also been the mayor of Pau, a southwestern town in France, since 2014. 
See Also: <a href="https://www.benzinga.com/24/12/42480972/us-markets-to-open-higher-ahead-of-feds-policy-meet-next-week-broadcom-rh-costco-in-focus">US Investors Eye Fed Policy Meet Next Week With Broadcom, RH, Costco In Focus</a>
Why It Matters: Macron is attempting to navigate a <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">deeply divided parliament</a>.
Political tensions are high due to France's soaring deficit. The country faces $42 billion in spending cuts and $21 billion in tax hikes, deepening divisions within the fractured National Assembly.
Barnier warned that his far-right critics, namely Marine Le Pen's National Rally and the leftist New Popular Front, will cause millions of French citizens to face economic instability, including rising interest rates and tax hikes, <a href="https://www.theguardian.com/world/live/2024/dec/03/france-no-confidence-motion-government-budget-michel-barnier-latest-updates">per</a> the Guardian.
Barnier only took office in September. 
Macron is halfway through his second term as president. Bayrou would be the fourth prime minister this year, according to the <a href="https://www.bbc.com/news/articles/cwyx04pmnrgo">BBC</a>. Elisabeth Borne and Gabriel Attal preceded Barnier.
If Le Pen&#8217;s allies form a strong enough opposition, they could potentially complicate the passage of critical legislation.
On a national level, France&#8217;s <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">snap election this past summer</a> underscored how Le Pen&#8217;s party continues to show increased strength over Macron&#8217;s centrist party.
<h3 class="wp-block-heading">Examples of French or Euro-Centric ETFs:</h3>
<ul>
<li>Invesco CurrencyShares Euro Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>) tracks the euro&#8217;s value against the U.S. dollar.</li>
<li>ProShares UltraShort Euro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EUO#NYSE">EUO</a>) provides leveraged inverse exposure to the euro&#8217;s performance against the dollar.</li>
</ul>
Investors can also track the market&#8217;s response to political maneuvers via the iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>). It offers focused exposure to the French economy. The ETF&#8217;s top holdings include LVMH Moët Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>), TotalEnergies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), and Schneider Electric (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>).
Now Read:
<ul>
<li><a href="EXCLUSIVE: Full Stegosaurus Skeleton Comes To Fractional Investing Platform Rally, How You Can Buy Shares For Under $69">EXCLUSIVE: Full Stegosaurus Skeleton Comes To Fractional Investing Platform Rally, How You Can Buy Shares For Under $69</a></li>
</ul>
Image: Hôtel de Matignon via Shutterstock

News

Eurozone

Politics

Global

LVMHF

SBGSY

Macron Taps Bayrou To Navigate France's Fractured Politics: ETFs To Watch

Mohamed El-Erian, Allianz&#8216;s Chief Economic Advisor, warned on Wednesday about the growing intersection of political and economic challenges in France following Prime Minister Michel Barnier&#8216;s historic no-confidence ouster, even as Greek bonds achieved parity with French sovereign debt for the <a href="https://www.benzinga.com/news/global/24/12/42328909/french-government-collapses-after-vote-of-no-confidence">first time since the Eurozone crisis</a>.
What Happened: &#8220;What we are seeing in France these days is yet another example of messy politics contaminating economics,&#8221; El-Erian wrote on X, distinguishing the current situation from Britain&#8217;s 2022 &#8220;Liz Truss moment&#8221; due to France&#8217;s Eurozone backing and different global financial context.
The political upheaval comes as Greek 10-year sovereign bonds closed their yield gap against French bonds in late November, trading below 3% &#8211; a remarkable turnaround from the peak of the Eurozone crisis when Greek bonds yielded 40 percentage points more than French debt.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I was just asked whether the current political moment in France is a &quot;Liz Truss moment.&quot; Several reasons led me to answer no, including: The Truss moment was about a bad budgetary situation being made worse; the &quot;Barnier moment&quot; is about obstacles to making a bad budgetary…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1864270186867478530?ref_src=twsrc%5Etfw">December 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bank of America analyst Athanasios Vamvakidis attributes Greece&#8217;s resurgence to fiscal discipline and economic reforms, with the country expecting a primary budget surplus of 2.4% of GDP this year, <a href="https://www.euronews.com/business/2024/11/29/greek-bonds-mark-historical-milestone-spread-erased-against-france">reported</a> Euronews. Meanwhile, according to Goldman Sachs, France faces mounting pressure over its rising debt-to-GDP ratio, which is projected to reach 118% by 2027.
See Also: <a href="https://www.benzinga.com/24/12/42324505/jerome-powell-says-us-economy-in-remarkably-good-shape-fed-can-be-little-more-cautious-with-interest-rates">Jerome Powell Says US Economy In &#8216;Remarkably Good Shape,&#8217; Fed Can Be &#8216;A Little More Cautious&#8217; With Interest Rates</a>
Why It Matters: Barnier&#8217;s removal followed <a href="https://www.benzinga.com/news/global/24/12/42328909/french-government-collapses-after-vote-of-no-confidence">parliamentary opposition to his proposed</a> €60 billion spending-cut package, with National Rally leader Marine Le Pen calling the budget &#8220;toxic for the French.&#8221; 
The political stalemate threatens to complicate France&#8217;s fiscal consolidation efforts as Eurostat forecasts French economic growth to slow to 0.8% in 2025, while Greece is projected to grow by 2.3%.
President Emmanuel Macron is expected to name a new prime minister, though the political deadlock in the Assembly will likely persist until new elections can be held in July. 
El-Erian noted that while France benefits from Eurozone institutional support, the current situation &#8220;will undermine growth and raise borrowing costs.&#8221;
Investors can track the market&#8217;s response to political turmoil via the iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>), offering focused exposure to the French economy. The ETF&#8217;s top holdings feature LVMH Moët Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>), TotalEnergies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), and Schneider Electric (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>).
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42322999/unitedhealth-deeply-saddened-and-shocked-by-death-of-brian-thompson-new-york-police-share-update-on-case-with-10k-reward-offered-rockefeller-center-tree-lighting-to-go-on">UnitedHealth &#8216;Deeply Saddened&#8217; By Death Of Executive Brian Thompson: New York Police Offer $10K Reward For Information</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

ETFs

Mohamed El-Erian Calls Michel Barnier's Ouster An Example Of 'Messy Politics,' Notes Greek And French Bonds Achieving Historic Parity

The French government collapsed on Wednesday following a successful no-confidence vote, throwing France, the eurozone&#8217;s second-largest economy,<a href="https://www.cnbc.com/2024/12/04/french-government-toppled-in-no-confidence-vote-brought-by-opposition.html"> into political turmoil.</a>&nbsp;
The Details: The motion passed with 331 votes, far exceeding the required 288, as lawmakers from both the leftist New Popular Front (NFP) alliance and the far-right National Rally (RN) united in opposition.&nbsp;
Read Next: <a href="https://www.benzinga.com/24/12/42316904/unitedhealthcare-ceo-brian-thompson-dies-after-being-shot-outside-nyc-hotel">UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel</a>
The historic vote was triggered after Prime Minister Michel Barnier used special constitutional powers to force a social security budget bill through Parliament without a vote.
Barnier, who had been in office for just three months, will now have to resign, marking the shortest tenure for a prime minister in France&#8217;s Fifth Republic.
Why It Matters: The government&#8217;s fall complicates France&#8217;s efforts to address its budget deficit and implement planned spending cuts and tax increases.&nbsp;
French President Emmanuel Macron must face the challenge of appointing a new prime minister, with the political landscape remaining divided until the next possible legislative elections in summer 2025.&nbsp;
Barnier is expected to resign immediately and Macron is supposed to ask him to continue as a &#8220;caretaker&#8221; prime minister while looking for a replacement. 
Investors can monitor the market's reaction to the political turmoil through the iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>) which provides targeted exposure to the French economy. The ETF's top holdings include LVMH Moet Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) and Schneider Electric SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>).&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42300548/art-cashins-lessons-cuban-crisis-trades-to-timeless-wall-street-wit">Art Cashin&#8217;s Lessons: Cuban Crisis Trades To Timeless Wall Street Wit</a></li>
</ul>
Photo: Shutterstock

Government

Specialty ETFs

LVMUY

French Government Collapses After Vote Of No Confidence

Russian <a href="https://www.benzinga.com/news/24/06/39328782/deepening-military-ties-between-kim-jong-uns-north-korea-and-putins-russia-worry-south-korea-and-us">President Vladimir Putin</a> has promised to order a ceasefire in Ukraine and start negotiations if Kyiv begins removing troops from four regions that Moscow added in 2022 and abandons plans to join NATO.
Ukraine has refused Putin&#8217;s proposal, calling it &#8220;manipulative&#8221; and &#8220;absurd&#8221;, the Associated Press <a href="https://apnews.com/article/putin-russia-ukraine-war-4f58423548b3d2e8594c9d9eb8e9d36e">reports</a>.
Putin made this promise as Switzerland planned to host world leaders, excluding those in Moscow, this weekend in an attempt to come up with a plan designed at establishing peace in Ukraine.
Meanwhile, leaders from the Group of Seven industrialized countries have met at the G7 Summit in Italy as the U.S. signed a 1<a href="https://www.benzinga.com/news/24/06/39322621/biden-zelenskyy-strengthen-ties-with-new-security-agreement-at-g7-summit">0-year security pact </a>with Ukraine that Russia dismissed as &#8220;null and void,&#8221; according to the AP.
Also read: <a href="https://www.benzinga.com/news/large-cap/24/06/39332520/french-stocks-set-for-worst-week-since-russias-war-in-ukraine-yields-versus-bund-hit-12-year-highs">French Stocks Set For Worst Week Since Russia&#8217;s War In Ukraine, Yields Versus Bund Hit 12-Year Highs On Snap Election Jitters</a>
Putin also demanded in his proposal that Ukraine recognize Crimea as part of Russia, which would keep Crimea&#8217;s nonnuclear status, limit its military force and safeguard interests of the Russian-speaking population. He also requested that all Western sanctions against Russia be lifted.
In addition to wanting to join NATO, Ukraine wants Russian forces to leave its territory and that Russia be held responsible for war crimes committed since the war began un February 2022. Ukraine also wants Moscow to pay reparations to Kyiv.
Ukraine faces Russian-imposed energy crisis
Ukraine is implementing blackouts as it tries to fix its electrical grid and look for spare parts after Russia bombed its utilities and cut the country&#8217;s electricity supply by half, The Wall Street Journal <a href="https://www.wsj.com/world/russias-devastating-attacks-on-ukraines-grid-spark-fears-of-brutal-winter-e4febeef">reported</a>.
The Russian onslaught, carried out by missiles and explosive drones, have led to widespread use of generators across Ukraine as power companies try to repair the damage during hourslong blackouts.
Industry analysts warn that the situation could become much worse in the winter as demand for electricity rises to meet the need for heating and water, according to the Journal.
Restoration of Ukraine&#8217;s energy infrastructure may cost $50 billion, according to DTEK, Ukraine&#8217;s largest private energy investor. To address the need for parts, DTEK has been working with European countries across Europe to find usable parts at decommissioned power plants.
State power company Ukrenergo has received 30.4 million euros, equivalent to around $33 million, from Germany to support energy infrastructure, while the EU said 1.4 billion euros in grants will be available to businesses working in the energy sector, the WSJ reported.
DTEK announced partnerships with U.S. energy companies Honeywell International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) and GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) as well as French energy company Schneider Electric (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>), which has donated 43,000 pieces of emergency equipment worth 4 million euros since February 2022.
Read now: <a href="https://www.benzinga.com/news/24/01/36657631/russia-warns-of-irreparable-blow-to-ukraines-statehood-if-war-continues">Russia Warns Of &#8216;Irreparable Blow&#8217; To Ukraine&#8217;s Statehood If War Continues</a>
Photo: Shutterstock

Putin Promises Ceasefire, But Ukraine Calls Proposal 'Absurd'

These seven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) surged 21.79% last week after reporting first-quarter earnings. Revenue of $12.539 billion beat the consensus estimate of $12.4 billion, and adjusted EPS loss of $(0.15)<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38291030/why-united-airlines-stock-is-rising-wednesday" rel="noreferrer noopener">&nbsp;beat the estimate of $(0.57)</a>. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/UAL/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;for the stock.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) increased 12.43% during the week thanks to better-than-expected revenue in the first quarter. The company is still dealing with the cyberattack on its subsidiary, Change <a href="https://www.benzinga.com/news/earnings/24/04/38267213/investors-cheer-unitedhealths-q1-earnings-despite-cyberattack-fallout-taking-872m-hit-from-hack" target="_blank" rel="noreferrer noopener">Healthcare, in February</a>.</li>
<li>Genuine Parts Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) stock gained 10.07% after it reported better-than-expected first-quarter earnings&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38316106/why-genuine-parts-shares-are-rising-today-after-q1-earnings" rel="noreferrer noopener">and boosted its annual profit outlook</a>.&nbsp;</li>
<li>Bentley Systems, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) stock rose 7.94% last week. The French industrial giant Schneider Electric SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>) reportedly confirmed discussions of a potential <a href="https://www.benzinga.com/markets/equities/24/04/38333524/whats-going-on-with-bentley-systems-stock-amid-multibillion-dollar-merger-talks" target="_blank" rel="noreferrer noopener">acquisition of the company</a>.</li>
<li>Elevance Health, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) stock gained 5.15% last week after the company reported $2.2B in first-quarter net profit despite a 21% drop in Medicaid enrollment and raised its annual guidance. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ELV/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;on the stock.</li>
<li>Progressive Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) stock rose 3.34% in the last week after the company clocked 19% year-over-year growth in first-quarter Net Premiums. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/PGR/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;on the stock.</li>
<li>Morgan Stanley&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) stock gained 3.3% last week after it reported better-than-expected first-quarter results. Its investment banking&nbsp;<a href="https://www.benzinga.com//node/38272690" target="_blank" rel="noreferrer noopener">revenue grew 16% year over year</a>. The banking giant also&nbsp;<a href="https://www.benzinga.com//node/38287804" target="_blank" rel="noreferrer noopener">decided to slash jobs</a>&nbsp;in the APC region.</li>
</ol>
See Also: <a href="https://www.benzinga.com/news/large-cap/24/04/38348564/lets-spill-the-tea-top-consumer-tech-news-you-should-know-from-last-week">Let&#8217;s Spill The Tea: Top Consumer Tech News From Last Week That You Should Know</a>
Photo: Shutterstock

Earnings

Equities

Large Cap

Legal

Movers

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

SBGSF

Tracking Last Week's Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio? (April 13-20, 2024)

The French industrial giant&nbsp;Schneider Electric&nbsp;SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>) has&nbsp;<a target="_blank" href="https://www.se.com/ww/en/assets/564/document/465961/schneider-electric-press-release-19-04-2024.pdf" rel="noreferrer noopener">confirmed&nbsp;</a>holding discussions for a potential acquisition of&nbsp;Bentley Systems&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>), a company known for its engineering software solutions.&nbsp;
As per the Schneider Electric statement, discussions regarding a potential transaction remain at a preliminary stage, emphasizing the lack of certainty regarding the outcome of these talks.
Bentley Systems also acknowledged the&nbsp;public statement&nbsp;made today by Schneider Electric&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38331965" rel="noreferrer noopener">in response to recent market speculation.</a>
Earlier, The&nbsp;Wall Street Journal&nbsp;<a target="_blank" href="https://www.wsj.com/business/deals/schneider-electric-in-talks-to-take-control-of-bentley-systems-d0aad58f?mod=hp_lista_pos2" rel="noreferrer noopener">reported&nbsp;</a>that Schneider Electric and Bentley Systems are considering merging Schneider&#8217;s software business with Bentley, potentially resulting in a deal exceeding $15 billion.&nbsp;
Despite the potential merger, Bentley&nbsp;is expected&nbsp;to remain a publicly traded entity, albeit significantly&nbsp;larger&nbsp;than before.
Bentley Systems, a family-controlled company co-founded by brothers Keith and Barry Bentley in 1984, specializes in providing software for structural and civil engineers involved in infrastructure projects.
Their software&nbsp;is utilized&nbsp;across various sectors, including transportation, water treatment, and construction.
With an annual revenue surpassing $1 billion, Bentley Systems went public in 2020. The recent leadership transition saw Chief Executive Greg Bentley assuming the role of executive chair of the board of directors, with Nicholas Cumins set to become the<a target="_blank" href="https://www.benzinga.com//node/37867934" rel="noreferrer noopener">&nbsp;new chief executive effective July 1.</a>
According to the report, Schneider Electric, valued at approximately $127 billion, has a history of strategic acquisitions to bolster its industrial software portfolio, aiming to compete with industry giants like&nbsp;Siemens&nbsp;AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SIEGY#OTC">SIEGY</a>) and&nbsp;Rockwell Automation Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>).
The potential acquisition of Bentley Systems follows Schneider&#8217;s earlier move in 2017 when it acquired the British&nbsp;engineering-software&nbsp;provider&nbsp;Aveva Group.
Price Action: BSY, which closed higher by 3.89% at $52.06 on Thursday, is trading lower by 0.12% at $52 premarket Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

General

SIEGY

What's Going On With Bentley Systems Stock Amid Multibillion-Dollar Merger Talks?

Bentley does not publicly comment on market rumors or speculation and does not intend to comment on this matter. Earlier Schneider Electric confirmed that, as part of its continuous exploration of opportunities in furtherance of its One Software strategy, it has been holding discussions with Bentley Systems with regards to a potential strategic transaction.

Bentley Systems Acknowledges Public Statement Made Today By Schneider Electric In Response To Recent Market Speculation On Potential Strategic Transaction Discussions

<ul>
<li>French industrial conglomerate&nbsp;Schneider Electric SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsf#OTC">SBGSF</a>) has agreed to purchase the rest of&nbsp;Aveva Group Plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/avevf#OTC">AVEVF</a>) in a deal that values the U.K. software developer&#39;s equity at &pound;9.5 billion.</li>
<li>The purchase price implies a premium of 40% from before Schneider confirmed&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/08/28617122/schneider-electric-explores-acquiring-remaining-stake-in-aveva-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">exploring a potential buyout</a>&nbsp;in late August. Shares in Aveva closed up at &pound;30.38 on September 20.</li>
<li>Schneider would snap the remaining 40% of Aveva it did not own for &pound;31 a share, the&nbsp;<a class="editor-rtfLink" href="https://www.ft.com/content/dd2bc82e-1027-481c-b4e9-0cb575153e39" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">FT&nbsp;</a>reports.</li>
<li>Schneider has owned 60% of Aveva since a 2017 agreement and a &pound;3 billion reverse takeover.</li>
<li>Aveva&#39;s software has focused primarily on the energy, infrastructure, and manufacturing sectors that Schneider covers.&nbsp;</li>
<li>Schneider said the deal would allow a &quot;faster execution of Schneider Electric&#39;s software growth strategy.&quot;&nbsp;</li>
<li>The report added that Aveva would retain its Cambridge headquarters and an autonomous team.</li>
<li>Schneider provides automation and software services, including systems to help companies improve energy efficiency in buildings and factories.</li>
<li>Schneider also wants to help Aveva move to a subscription-based model and co-operate in areas like research and development.</li>
<li>In April, Aveva issued a profit warning flagging inflationary pressures and warning against slower growth.</li>
<li>Schneider held &euro;3.03 billion in&nbsp;<a class="editor-rtfLink" href="https://www.se.com/ww/en/assets/564/document/342833/accounts-half-year-results-2022.pdf" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">cash and equivalents</a>&nbsp;as of June 30.</li>
<li>Price Action:&nbsp;SBGSF shares closed at $115.19 on Tuesday.</li>
<li>Photo Via Company</li>
</ul>

AVEVF

Schneider Electric To Buyout UK Software Developer Aveva At 40% Premium

<ul>
<li>Schneider Electric SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsy#OTC">SBGSY</a>) weighed the complete takeover of U.K.-based software developer&nbsp;Aveva Group Plc&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/avvyy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AVVYY</a>),&nbsp;<a class="editor-rtfLink" href="https://www.ft.com/content/f1d11017-b5f4-443e-9a27-f47e842c7d97" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the Financial Times reports</a>.</li>
<li>The French conglomerate explored scooping the remaining 40% of Aveva that it does not already own. Schneider Electric specializes in digital automation and energy management.</li>
<li>Cambridge-based Aveva warned against the Ukraine war and higher staffing costs hampering its revenue growth and margins for this financial year.&nbsp;</li>
<li>Aveva lately sought to expand its client base outside its traditional strengths in the oil and gas industry.&nbsp;</li>
<li>Schneider has a deadline of September 21 to make an offer for Aveva.</li>
<li>The predictive emission monitoring systems market&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/08/g28356153/predictive-emission-monitoring-systems-market-anticipated-to-hit-usd-14-2-billion-by-2030-at-a-cag" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">will likely reach</a>&nbsp;$14.2 billion by 2030, registering a 7.2% CAGR throughout the forecast period (2021&ndash;2030).</li>
<li>The growing use of PEMSs in gas turbines to predict emission levels based on fuel composition and ambient &amp; machine operating conditions while considering real-time degradations boosts the market size.</li>
<li>Price Action:&nbsp;SBGSY shares traded higher by 0.31% at $25.56 on the last check Wednesday.</li>
</ul>

Tech

AVVYY

Schneider Electric Explores Acquiring Remaining Stake In Aveva

Nestl&eacute; S.A. (OTC: <a href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>) said Thursday it has proposed Apple Inc. (NASDAQ: <a href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) Chief Financial Officer Luca Maestri and Schneider Electric S.E. (OTC: <a href="https://www.benzinga.com/stock/sbgsy#OTC">SBGSY</a>) Chief Marketing Officer Chris Leong for election to its board of directors.
What Happened: The elections will take place at the company&rsquo;s annual general meeting (AGM) on April 7, Nestl&eacute; said.
The Switzerland-based company added that Ann Veneman will retire from its board, while Kasper Rorsted has decided not to stand for re-election.
Nestl&eacute;&rsquo;s board will comprise 14 members with the proposed nominees.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-apple-stock/">How To Buy Apple (AAPL) Stock</a>
Why It Matters: Nestl&eacute; noted that the changes to its board will help maintain the complementarity of expertise relevant to the food and beverage company in different areas.
Maestri &mdash; Apple&#39;s CFO since 2014 &mdash; has an outstanding track record in finance and strategic planning, the company added.
In January, Apple <a href="https://www.benzinga.com/news/earnings/22/01/25271948/apple-stock-climbs-after-q1-earnings-blow-past-estimates-what-investors-need-to-know">reported</a> strong earnings results for the recent first quarter despite supply chain disruptions.
Price Action: Nestle shares closed almost 0.2% higher in Wednesday&rsquo;s regular trading session at $127.90.
Read Next: <a href="https://www.benzinga.com/news/22/02/25654160/apples-dominance-of-us-smartphone-market-exceeds-50-again-with-iphone-samsung-trails-distantly">Apple&#39;s Dominance of US Smartphone Market Exceeds 50% Again With iPhone, Samsung Trails Distantly</a>
Photo: Courtesy of Nestle on <a href="https://www.flickr.com/photos/nestle/5537492450">Flickr</a>

Management

AAPL

Nestle Sponsored representing Registered Shares Series B

NSRGY

Nestlé Seeks To Have Apple CFO On Its Board

<ul>
<li>French telecom operator&nbsp;Orange SA&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oran#NYSE">ORAN</a>) looks to name Christel Heydemann as its new CEO marking the debut of a woman leader for the firm as a part of governance revamp,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/media-telecom/christel-heydemann-course-become-next-orange-ceo-sources-2022-01-23/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reports</a>.</li>
<li>Heydemann currently heads European operations at French electric equipment group&nbsp;Schneider Electric SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsy#OTC">SBGSY</a>).</li>
<li>A graduate of France&#39;s elite engineering school Polytechnique, Heydemann, will replace Stephane Richard after a court convicted him of the conspiracy of misusing public funds.&nbsp;</li>
<li>Richard, who has led Orange for the past 12 years, denied any wrongdoing.</li>
<li>Richard was likely to quit the group on January 31.&nbsp;</li>
<li>The report adds that Orange is yet to elect a new Chair succeeding Richard.</li>
<li>Heydemann is the favored candidate of France&#39;s finance ministry, which holds sway over the governance of Orange, in which the state owns a combined 23% stake.</li>
<li>Price Action:&nbsp;ORAN shares traded higher by 2.15% at $11.40 in the premarket session on the last check Monday.</li>
</ul>

ORAN

Orange Eyes Christel Heydemann As New Chief Following Former CEO Scandal

<ul>
<li>Siemens AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/siegy#OTC">SIEGY</a>) is exploring acquisitions and investments in building management software, electric vehicle charging as office blocks and apartments become more connected, and drivers switch to e-vehicles,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/technology/siemens-smart-infrastructure-targets-acquisitions-speed-growth-2021-08-16/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reported</a>.</li>
<li>Siemens aims to drive its Smart Infrastructure (SI) division by tapping its vast software base and software developers. It is also targeting the e-mobility business.</li>
<li>It has recently moved beyond its traditional customers to expand its base by &euro;120 billion annually.</li>
<li>Siemens spent &euro;550 million in 2021 on a software acquisition for its mobility business and $700 million on electrical component supplier Supplyframe.</li>
<li>It aims to win market share from&nbsp;ABB Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abb#NYSE">ABB</a>),&nbsp;Schneider Electric SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsf#OTC">SBGSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsy#OTC">SBGSY</a>),&nbsp;Honeywell International Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>),&nbsp;Johnson Controls International PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jci#NYSE">JCI</a>) by growing revenue between 4% - 6% in the medium term, which is above the market rate of 3%.</li>
<li>Siemens aims to double the share of SI revenue from its digital business to nearly 10% by 2025. The diversification justifies the higher software margins.</li>
<li>Price Action:&nbsp;SIEGY shares closed lower by 0.01% at $84 on Monday.</li>
</ul>

How Siemens Aims To Grab Market Share From ABB, Schneider Electric, Honeywell, Johnson Controls?

<ul>
<li>Siemens AG&#39;s&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/siegy#OTC">SIEGY</a>) new CEO Roland Busch aims to raise the manufacturer&#39;s valuation by doubling down on software,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-06-24/siemens-raises-profit-targets-plans-3-6-billion-share-buyback?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
<li>Siemens is eyeing acquisitions of software-focused companies to foray into new markets adjacent to its existing businesses that offer up to $143 billion in potential revenue.</li>
<li>Busch estimated FY20 software revenue of &euro;5.3 billion to grow at a CAGR of 10% until 2025, beating Siemens&#39;s hardware revenue growth.</li>
<li>Siemens now views Silicon Valley giants pioneered cloud-based software suites as the path to a higher valuation.</li>
<li>Siemens raised financial targets and announced its first share buyback since 2015. It will purchase up to &euro;3 billion of stock over five years from 2022.</li>
<li>The share price has gained since Busch assumed office in Feb. amid the spinoffs of Siemens Healthineers AG and Siemens Energy AG. However, the profit margins continue to lag versus peers like&nbsp;Schneider Electric SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsf#OTC">SBGSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sbgsy#OTC">SBGSY</a>).</li>
<li>Siemens agreed to acquire supply-chain management firm&nbsp;SupplyFrame&nbsp;in May for $700 million. SupplyFrame provides intelligence on factory outages and material-cost changes.</li>
<li>Siemens on Thursday confirmed its FY21 earnings guidance and raised profit targets for its Smart Infrastructure unit and its Mobility business.</li>
<li>Siemens raised its targets in May on the back of a booming Chinese economy and a recovery in the global automotive sector.</li>
<li>Price action:&nbsp;SIEGY shares closed lower by 0.02% at $81.64 on Wednesday.</li>
</ul>

Comments

Schneider Electric

Notizie

Ultime notizie per Schneider Electric (OTC:SBGSY) Azioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO