Schneider Wins Appeal in Legrand Decision

Europe's top appeals court overturned a decision by the European Union Commission to block Schneider Electric SA from purchasing rival electrical equipment maker Legrand SA.

The decision by the European Court of First Instance clears the way for Schneider to keep all or part of Legrand. Schneider must now decide whether to retain Legrand or proceed with its agreement to sell the business to a private equity consortium, a deal prompted by the Commission's ruling.

Schneider agre

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