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Technology / AI and automation

TELEMECANIQUE ELECTRIQUE TO EVADE UNWANTED ATTENTIONS OF SCHNEIDER SA

Telemecanique Electrique SA is now considering a leveraged buyout to evade the unwanted attentions of Schneider SA: under French law, employees of the firm would have to control 51% of the votes in the new holding company that would be formed to bid for the embattled firm.

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CBR Staff Writer

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