Tag: TAC
Schneider said to mull bid for Tyco
April 12, 2011Martha Entwistle
PARIS—Schneider Electric, based here, is working with bankers to assess a bid for Tyco International, according to an April 11 Bloomberg report, which cited “three people with knowledge of the matter.”
Tyco spokesman Paul Fitzhenry declined comment, and a spokesperson for Schneider Electric on April 13 issued a statement saying it is not currenlty in talks with Tyco regarding a potential strategic transaction between the two companies.
The deal is in the early stages and is not...