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Schneider Electric said to be nearing deal for smart device firm Shelly Group
French industrial technology firm Schneider Electric SE is reportedly nearing an agreement to acquire Bulgaria-based smart device maker Shelly Group SE. The deal could value Shelly Group at around €1.27 billion ($1.45 billion) excluding debt, with an offer of about €70 a share. An announcement may come as early as this week, according to people familiar with the matter.
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