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Schneider said to mull bid for Tyco

April 12, 2011Martha Entwistle

PARIS—Schneider Electric, based here, is working with bankers to assess a bid for Tyco International, according to an April 11 Bloomberg report, which cited “three people with knowledge of the matter.” Tyco spokesman Paul Fitzhenry declined comment, and a spokesperson for Schneider Electric on April 13 issued a statement saying it is not currenlty in talks with Tyco regarding a potential strategic transaction between the two companies. The deal is in the early stages and is not...

ADT, Carol Levenson, Gimme Credit, Kevin McCaughey, Paul Fitzhenry, Pelco, Schneider Electric, Seimens, TAC