{"id":1655206,"date":"2022-09-23T12:55:25","date_gmt":"2022-09-23T16:55:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1655206"},"modified":"2022-09-23T12:55:37","modified_gmt":"2022-09-23T16:55:37","slug":"two-aveva-shareholders-plan-to-oppose-schneider-takeover-offer","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/two-aveva-shareholders-plan-to-oppose-schneider-takeover-offer\/","title":{"rendered":"Two Aveva shareholders plan to oppose Schneider takeover offer"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftwo-aveva-shareholders-plan-to-oppose-schneider-takeover-offer%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1655206&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     Canada-based Mawer Investment Management and M&#038;G Investments, shareholders in Aveva Plc, intend to reject Schneider Electric\u2019s 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer \u201copportunistic\u201d.<\/p>\n<p>French industrial group Schneider Electric on Wednesday said it would proceed with a full takeover of the British software company, offering 31 pounds per share.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cWe view the current bid as opportunistic, taking advantage of a temporarily depressed share price. As long-term investors, we are willing to be patient and expect the market should better reflect the value of the business over time,\u201d Peter Lampert, portfolio manager at Mawer said in a mail to Reuters.<\/p>\n<p>Earlier in the day, the Financial Times reported Mawer\u2019s plan to reject the offer. <\/p>\n<p>The statement resonates with another investor in Aveva, M&#038;G Investments.<\/p>\n<p>\u201cM&#038;G is materially underwhelmed with the opportunistic 31-pound offer from Schneider for the remainder of Aveva, and we\u2019re disappointed that the Aveva board has recommended the bid to shareholders,\u201d Rory Alexander, fund manager, M&#038;G Investments, said.<\/p>\n<p>\u201cM&#038;G intends to vote against the bid in the belief that patience will be rewarded well in excess of what Schneider is offering,\u201d he added.<\/p>\n<p>Mawer Investments holds a 1.5% stake in Aveva, making it the eight largest shareholder in the company, while M&#038;G Investment holds a 0.43% interest, according to Refinitiv Eikon.<\/p>\n<p>($1 = 0.9157 pounds)<\/p>\n<p> (Reporting by Shanima A, additional reporting by Jahnavi Nidumolu and Ann Maria Shibu in Bengaluru; Editing by Shailesh Kuber)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/two-aveva-shareholders-plan\/attachment\/file-photo-the-logo-of-schneider-electrics-is-pictured-at-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8M0RJ-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8M0RJ-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Canada-based Mawer Investment Management and M&#038;G Investments, shareholders in Aveva Plc, intend to reject Schneider Electric\u2019s 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer \u201copportunistic\u201d. French<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1655206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1655206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1655206"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1655206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1655206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1655206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1655206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}