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InsideArbitrage Potential Deal Alert: Bentley Systems (BSY) Explores Options Amid Takeover Interest

  • April 18, 2024

POTENTIAL DEAL DETAILS

StockBentley SystemsSymbolBSY
Date Announced04/18/2024Source Reuters
TypeUnsolicited BidAcquiring Company/Person Schneider Electric and Cadence Design Systems
According to Reuters, Bentley Systems (BSY), an engineering software company with a market value of about $15 billion, is exploring options that include a sale after attracting acquisition interests from electrical equipment maker Schneider Electric, and design software firm Cadence Design Systems (CDNS).
Bentley Systems Investor Relations
Schneider Electric Investor Relations
Cadence Design Systems Investor Relations
Updates(s):
April 19, 2024: Schneider Electric announced it has been holding discussions with Bentley Systems (BSY) with regards to a potential strategic transaction. But, discussions remain at a preliminary stage regarding a potential transaction, and there is no certainty that any transaction will be agreed upon.
Bentley, in a statement, said it does not publicly comment on market rumors or speculation. Seeking Alpha reported that Cadence Design (CDNS) informed in an email that it doesn’t comment on rumors or speculation.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.