Schneider Electric

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Schneider makes $30B bid for Tyco International

France’s Schneider Electric SA, which has its U.S. headquarters in Palatine, has made a preliminary bid for approximately $30 billion for Tyco International Ltd., according to people familiar with the matter, hoping to draw the Swiss-based conglomerate to the negotiating table. Get the full story »

Schneider Electric weighs bid for Tyco

Schneider Electric, the world’s largest maker of voltage equipment, is considering a takeover offer for industrial conglomerate Tyco International Ltd, but the idea is at an early stage and no deal is imminent, Bloomberg reported.

Schneider is working with bankers to help it weigh up a potential purchase of Tyco, Bloomberg said on its website, citing people with knowledge of the matter that it did not identify. Get the full story »