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Schneider stock slides on rumors of Tyco acquisition

There’s been plenty of chatter over the past two weeks about Schneider Electric’s alleged interest in purchasing Tyco International in a deal that would be in the neighborhood of $30 billion and rank as the largest industrial acquisition ever by a European company. Bloomberg has been the primary source for the rumors, and the market’s response hit the value of Schneider shares hard. The Bloomberg report said, “Schneider shareholders lost $1.7 billion on the day the

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