Fairness of Schneider Electric's Offer Affirmed by Shelly Group Board

The Board of Directors of Shelly Group SE has endorsed Schneider Electric's voluntary public tender offer, valuing Shelly's shares at EUR 70.00 each. An independent fairness opinion by Freitag & Co. deems the offer financially fair. The proposed price reflects a 27% premium over Shelly's six-month average share price on XETRA.

This strategic move aligns with expectations of significant international growth and maintains the company's operational culture under Schneider Electric's partnership. The assessment included various valuation methods, further affirming the financial fairness of the offer price.

The offer still requires approval by the Bulgarian Financial Supervision Commission. Stakeholders are advised to await the detailed offer document for further action. This phase marks a potential milestone in Shelly's expansion under a recognized global leader.