Aveva ends talks with Schneider ElectricStaff writer ▼ | June 15, 2016
Aveva Group has walked away from a second round of talks with French suitor Schneider Electric and has applied for its share to resume trading after their suspension.
No deal The due diligence process revealed some problems
Reports earlier this week suggested interest in a possible buy-out had been renewed, with the intention reported in the Financial Times that the French energy giant to take a majority stake in Aveva in exchange for around £550m in cash. ■