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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...

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