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Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown

UPDATE 2-Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown Adds share move in paragraph 4, analyst comments in paragraphs 10-12 By Anna Peverieri Oct 24 (Reuters) - French software company Dassault Systemes DAST.PA cut its 2024 revenue growth forecast for the second time in four months on Thursday, citing the slowdown in the global automotive industry.
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Engineering software firm Altair explores sale, sources say

EXCLUSIVE-Engineering software firm Altair explores sale, sources say Adds more background on Altair By Anirban Sen and Milana Vinn NEW YORK, Oct 22 (Reuters) - Altair Engineering ALTR.O , an engineering software maker with a market value of nearly $9 billion, is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday.
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Engineering software firm Altair explores sale, sources say

EXCLUSIVE-Engineering software firm Altair explores sale, sources say Adds share price movement and details on PTC By Anirban Sen and Milana Vinn NEW YORK, Oct 22 (Reuters) - Altair Engineering ALTR.O , an engineering software maker with a market value of n early $9 billion , is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday.
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Engineering software firm Altair explores sale, sources say

EXCLUSIVE-Engineering software firm Altair explores sale, sources say By Anirban Sen and Milana Vinn NEW YORK, Oct 22 (Reuters) - Altair Engineering ALTR.O , an engineering software maker with a market value of about $8 billion, is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday. Troy, Michigan-based Altair is working with investment bankers to gauge interest from potential suitors, the sources said, requesting anonymity as the discuss
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Snam, BP, Novo Nordisk, Pony AI; Updates Zuora Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** BP BP.L is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Zuora, LVMH, PAI Partners, CSN, Sanofi, PPG Industries, Fuji Soft Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Fuji Soft 9749.T founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Schneider Electric SCHN.PA will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said, beefing up offerings for rapidly growing data centres.
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Schneider Electric to buy data centre cooling firm Motivair for $850 mln

REFILE-UPDATE 1-Schneider Electric to buy data centre cooling firm Motivair for $850 mln Refiles to correct typo in Motivair in paragraph 11 Oct 17 (Reuters) - Schneider Electric SCHN.PA will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said on Thursday, beefing up offerings for rapidly-growing data centres.
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Schneider Electric To Buy Motivair Corporation For $850 Mln

BRIEF-Schneider Electric To Buy Motivair Corporation For $850 Mln Oct 17 (Reuters) - Schneider Electric SE SCHN.PA : TO BUY INITIAL 75% CONTROLLING INTEREST IN LIQUID COOLING SOLUTIONS FIRM MOTIVAIR CORPORATION TRANSACTION EXPECTED TO CLOSE IN COMING QUARTERS MOTIVAIR WOULD BE REPORTED WITHIN ENERGY MANAGEMENT BUSINESS OF SCHNEIDER ELECTRIC EXPECTE
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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Schneider Electric & Kimberly-Clark Announce Tax Credit Transfer Agreements To Advance Grid Resiliency

BRIEF-Schneider Electric & Kimberly-Clark Announce Tax Credit Transfer Agreements To Advance Grid Resiliency Sept 23 (Reuters) - Schneider Electric SE SCHN.PA : SCHNEIDER ELECTRIC & KIMBERLY-CLARK ANNOUNCE TAX CREDIT TRANSFER ("TCT") AGREEMENTS TO ADVANCE GRID RESILIENCY SCHNEIDER ELECTRIC SE - KIMBERLY-CLARK TO FUND FOUR NEW BATTERY ENERGY STORAGE
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Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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Barclays weighs in on potential tariff risk for Europe if Trump wins

BUZZ-Barclays weighs in on potential tariff risk for Europe if Trump wins ** Barclays sees an up to high single-digit percent hit on European earnings if Donald Trump wins the U.S. presidential race and in the event of a full-blown trade war ** "A Trump win may raise concerns of a full-blown trade war," the British bank's strategists say in a note ** While the direct impact to potential U.S.
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JPM sticks to its favoured European capital goods names amid muted sentiment

BUZZ-JPM sticks to its favoured European capital goods names amid muted sentiment ** J.P.Morgan says European capital goods are "stuck in the middle", with investor conviction generally low and valuations in the middle ground, as it sticks to its favoured names for whom consensus seems "at least reasonable" ** "Weaker top-down indicators have dampe
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Schneider Electric Collaborates With GR3N To Tackle Plastic Recycling Challenges And Drive Circularity In Chemical Sector

BRIEF-Schneider Electric Collaborates With GR3N To Tackle Plastic Recycling Challenges And Drive Circularity In Chemical Sector Sept 9 (Reuters) - Schneider Electric SE SCHN.PA : SCHNEIDER ELECTRIC COLLABORATES WITH GR3N TO TACKLE PLASTIC RECYCLING CHALLENGES AND DRIVE CIRCULARITY IN CHEMICAL SECTOR Source text for Eikon: ID:nPn6wnVHla Further comp
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Schneider Electric Invests £42 MLN In New UK Plant

BRIEF-Schneider Electric Invests £42 MLN In New UK Plant Sept 9 (Reuters) - Schneider Electric SCHN.PA : INVESTS £42M IN NEW UK MANUFACTURING SITE FACILITY TO BE BUILT IN SCARBOROUGH, NORTH YORKSHIRE OPENING EXPECTED IN EARLY 2025 SAYS PROJECT WILL CREATE 200 JOBS Source text for Workspace: nPref9pBNa Further company coverage: SCHN.PA (Gdansk New
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Sept 4 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. PERNOD RICARD PERP.PA : Australia's competition watchdog on Wednesday said it is seeking views from the market on French spirits maker Pernod Ricard SA'sA proposed deal to sell the majority of its domestic wine portfolio to Carlyle Group's Accolade Wines.
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Schneider Electric Issues EUR 1.5 Bln Bond

BRIEF-Schneider Electric Issues EUR 1.5 Bln Bond Sept 3 (Reuters) - Schneider Electric SE SCHN.PA : SCHNEIDER ELECTRIC ANNOUNCES SUCCESSFUL ISSUE OF A EUR 1.5 BILLION BOND ISSUE IN TWO TRANCHES RESPECTIVELY MATURING IN 6 YEARS WITH A FIXED COUPON AT 3% AND 12 YEARS WITH A 3.375% FIXED COUPON Further company coverage: SCHN.PA (Gdansk Newsroom)
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India economic, corporate events on September 3

DIARY- India economic, corporate events on September 3 BENGALURU, Sept 3 (Reuters) - Diary of India economic, corporate events on September 3. ECONOMIC, CORPORATE .BSE500 EVENTS: Start Date Start Time RIC Company Name Event Name 03-Sep-2024 15:30 SEIN.NS Schneider Electric Infrastructure Ltd Schneider Electric Infrastructure Ltd Annual Shareholders
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