By Jack Mendel
Aveva is reportedly planning to reject a £9.5bn takeover by Schneider Electric because it represents an “opportunistic bid”.
A top investor in the former said the bid, at £31-a-share would undervalue the UK technology group, the Financial Times reported.
This comes after numerous major UK firms have been approached by foreign investors, including Ted Baker. tech darling Darktrace and Newcastle-based Go Ahead.
A leading Canada-based investor in Aveva said the bid was “an opportunistic bid taking advantage of share price weakness in recent months.”
Peter Lampert, an investor at Mawer which has £50bn in assets and is a major shareholder in Aveva said it was the latest example of a leading UK company being snapped up by a foreign buyer.
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