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Market Chatter: Schneider Electric, Cadence Design Systems Express Interest in Acquiring Bentley Systems
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Market Chatter: Schneider Electric, Cadence Design Systems Express Interest in Acquiring Bentley Systems
Apr 18, 2024 9:42 AM

12:28 PM EDT, 04/18/2024 (MT Newswires) -- Schneider Electric and Cadence Design Systems have expressed an interest in buying Bentley Systems ( BSY ) , Reuters reported Thursday, citing people familiar with the matter.

Bentley Systems ( BSY ), which has a market cap of about $15 billion, is exploring the options which could result in a change of ownership in the business.

Bentley Systems ( BSY ), Schneider Electric and Cadence reportedly did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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