Schneider Electric is trading at €272.70, down 10%, after agreeing to acquire PTC in an all-cash deal valuing its equity at about $22.6 billion. - The offer is

Schneider Electric is trading at €272.70, down 10%, after agreeing to acquire PTC in an all-cash deal valuing its equity at about $22.6 billion. - The offer is $205 per share; Reuters reported a 42.3% premium to PTC’s last close. - The acquisition is Schneider’s largest to date and is expected to c…