Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

A Loud Knock At Square D's Door


In Business This Week

A LOUD KNOCK AT SQUARE D'S DOOR

Frustrated by two years of fruitless secret talks about combining their businesses, French electrical products giant Schneider on Feb. 19 unveiled a $1.8 billion bid for American competitor Square D. Schneider Chairman Didier Pineau-Valencienne believes that by combining Schneider's big European business with Square D's strong U. S. market share, he can create a global powerhouse in electromechanical controls and power distribution equipment.

Square D, based in Palatine, Ill., says only that it will review Schneider's proposal "in due course." But with Schneider's $78-a-share offer a rich 16 times Square D's 1990 earnings and a 50% premium over its pre-offer share price, Square D may have difficulty turning Schneider off.EDITED BY PETER FINCH


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus