A possible acquisition of Invensys Operations Management (IOM), for a proposed $5.0 billion by the French company Schneider Electric, has led to speculation of a potential bidding war for the U.K. engineering company.
A possible acquisition of Invensys Operations Management (IOM), for a proposed $5.0 billion by the French company Schneider Electric, has led to speculation of a potential bidding war for the U.K. engineering company.
“IOM long has been viewed as a potential takeover target, with Emerson calling off initial talks regarding an acquisition in the first half of 2012,” said Alex West, associate director, process, machinery & instrumentation for information and analytics provider IHS Inc. (NYSE: IHS). “However, other industrial automation giants, including European firms ABB and Siemens as well as the U.S.-based General Electric, also have all reportedly made preliminary contact previously. With its offer, Schneider Electric has taken control of what could break out into a full-scale bidding war for IOM.”
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