Schneider Electric and Eaton frontrunners to buy L&T's electrical business

Schneider Electric SE and Eaton Corp have emerged as top contenders to acquire Larsen & Toubro's electric and automation division for Rs 15,000-17,000 crore. Binding offers are expected by next month.

“Schneider is the more aggressive of the two and have given an indicative offer of Rs 17,000 crore.”mnacritique.mergersindia.com

• 1 source
• mnacritique.mergersindia.comSchneider, Eaton frontrunners to buy L&T’s electrical business | M&A CritiquemnacritiqueAug 24, 2017

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