PTC to Be Acquired by Schneider Electric for $205 Per Share

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Summary · why it matters

PTC agreed to be acquired by Schneider Electric for $205 per share, valuing the software company's equity at more than $22 billion, with the transaction expected to close by the third quarter of 2027. PTC shares surged 36% premarket on the news. Brazilian stocks rallied after right-wing presidential candidate Flavio Bolsonaro edged out incumbent Luiz Inacio Lula Da Silva by around 2 percentage points in Sunday's election, sending the iShares MSCI Brazil ETF up 12% and U.S.-listed shares of Itau Unibanco and Banco Bradesco up more than 13% each. Wells Fargo gained 1% after a Morgan Stanley upgrade to overweight from equal weight, while DraftKings popped over 5% on a Bank of America upgrade to buy from neutral, with analyst Julie Hoover expecting prediction markets to generate $400 million in fees for 2027 and between $200 to $400 million in market making. Estee Lauder rose 2.8% after Barclays upgraded the stock to overweight from equal weight, citing its growth and earnings profile over the next several years.

Impact on assets 11

Financials▲ · 6 stocks
Consumer Discretionary▲ · 1 stocks
DraftKings Inc
DKNG
▲ PositiveCapitalrelevance

Bank of America upgraded DraftKings to buy from neutral, expecting prediction markets to generate $400M in fees for 2027.

Consumer Staples▲ · 1 stocks
Estee Lauder Companies Inc
EL
▲ PositiveCapitalrelevance

Barclays upgraded Estee Lauder to overweight from equal weight, citing its growth and earnings profile.

Cloud & Digital Infrastructure▲ · 1 stocks
PTC Inc
PTC
▲ PositiveCapitalrelevance

PTC agreed to be acquired by Schneider Electric for $205 per share, valuing its equity at over $22 billion.

Artificial Intelligence▲ · 1 stocks
Schneider Electric S.E.
SU
▲ PositiveCapitalrelevance

Schneider Electric agreed to acquire PTC for $205 per share in a deal valued at over $22 billion.

Electrification & Mobility▲ · 1 stocks
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