Invensys Breakup Increasing Value 32% With Siemens-GE: Real M&A

Invensys Plc, the two-century-old company that makes software used to run the London Underground’s subway trains, stands to reap a gain of at least 32 percent for shareholders by putting itself up for sale.

Invensys, which has fallen almost 10 times as much as the FTSE All-Share Index of U.K.-listed companies since naming Wayne Edmunds its chief executive officer last year, said yesterday it had been approached by Emerson Electric Co. and other potential bidders. After preliminary talks ended without an agreement and Invensys said no discussions are “ongoing,” the 1.79 billion pound ($2.79 billion) company could now attract Siemens AG or General Electric Co., according to Huntington Asset Advisors.