Schneider Electric Receives Bids For Sensors Unit - Report
August 03 2012 - 4:16AM
Dow Jones News
France's Schneider Electric SA (SU.FR) received two bids for its
CST unit, which manufactures electronic sensors, from
Singapore-based Avago Technology Ltd. (AVGO) and a consortium of
private-equity funds Carlyle and PAI Partners, French newspaper Les
Echos reported Friday, citing unidentified sources.
The two bids are below the EUR1 billion Schneider Electric had
expected to get from the sale. Schneider lowered its expectations
after the European economy slowed, the newspaper said.
Schneider Electric's press office declined to comment on the
report.
Newspaper Web site: http://www.lesechos.fr
Write to Inti Landauro at inti.landauro@dowjones.com
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