PTC Shares Rally on $22.6 Billion Acquisition by Schneider Electric
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom.
Qualcomm (QCOM) shares are higher as the company agreed to license patents underpinning Huawei Technologies.
PTCSchneider ElectricQualcommHuawei Technologies
Sources
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SourceReports the news
“PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom.”
Bloomberg — PTC Rallies on Deal; Qualcomm Up on Chip Patent Licensing | Stock Movers