Funds advised by Davidson Kempner European Partners, LLP („DK“) currently hold 11.4 million shares, equivalent to 3.8% of the…
DK WILL NOT SUPPORT THE SCHEME AT THE CURRENT PRICE
DK believes the current price offered by Schneider Electric SE ("Schneider" or the "Acquirer") to Avevas minority shareholders of £31 per share substantially undervalues the Companys long-term prospects. The timing of the approach by Schneider is highly opportunistic and comes on the back of a broader market decline as well as weakness in Avevas own share price resulting from the transition to a subscription and SaaS model (Aveva had fallen 48% from the highs of £42!-->…