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Company Statement: Schneider Electric's acquisition of Invensys requires US antitrust approval

( July 31, 2013, 20:03 GMT | Official Statement) -- MLex Summary: Schneider Electric’s acquisition of British engineering firm Invensys requires antitrust approval from the US, the French company has said. The acquisition, which is valued at 3.4 billion pounds ($5.2 billion), is also subject to antitrust approval in China, the EU, Brazil and Canada. The deal is expected to close by Dec. 31, 2013.An extract from the statement follows:...

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