Bloomberg reports Schneider stock slides on rumors of Tyco acquisition

Plenty of chatter out there right now about Schneider's alleged interest in purchasing Tyco, and this Bloomberg post says it may take some time for the company's shareholders to digest the potential benefit of the possible acquisition. The Bloomberg report said, "Schneider shareholders lost $1.7 billion on the day the company's preliminary discussions with Tyco became known. The stock continued its descent the following day, until Schneider intervened on April 13 with a statement that the company, based near Paris, is 'not currently' in takeover talks with Tyco."