Telvent GIT Shares Popped: What You Need to Know (TLVT)

Telvent GIT Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Telvent GIT (Nasdaq: TLVT ) popped 15% in intraday trading today after a $40-per-share buyout offer was announced.

So what: French company Schneider Electric plans to commence its $2 billion tender offer in the middle of June and close the deal in the third quarter. Both companies' boards are in favor of the deal.

Now what: Spanish engineering company Abengoa has agreed to tender its 40% stake in Telvent, removing a potential roadblock. The deal requires approval from both European and American regulators. Though Telvent's EPS has deteriorated in recent quarters, Schneider expects the merger to increase revenue up to 300 million euros within five years and generate cost savings of up to 35 million euros.

Interested in more info on Telvent? Add it to your watchlist by clicking here.

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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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