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Aveva's enhanced bid for scale

Aveva's enhanced bid for scale

The phrase 'third time’s a charm' seems to ring true for Aveva (AVV) and Schneider Electric. The London-listed group will combine with Schneider’s software business via a reverse takeover, given the relative size of the latter. Since 2015, two rounds of takeover talks have failed. However, judging by the jump in Aveva's share price of almost a third on the day of this latest announcement, investors are eager for the merger to succeed. The deal is valued at £3bn, with the enlarged group retaining a London listing. 

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