Rockwell Automation to invest $1B in PTC Inc.

PTC Inc. agreed to sell 10,582,010 shares of its common stock to Rockwell Automation at $94.50 per share, for an aggregate purchase price of approximately $1.0 billion, as part of a strategic partnership.

“PTC Inc. entered into a Securities Purchase Agreement with Rockwell Automation, Inc. in connection with a strategic partnership between the two parties.”sec.gov

• 1 source
• sec.govPTC INC. Form 8-K filed June 11, 2018Jun 11, 2018

Summarized from public sources; check the original articles before acting on it.