Shelly Group board backs Schneider Electric offer at EUR 70 a share

• Schneider Electric is seeking to buy Shelly Group via a voluntary public tender offer priced at EUR 70 per share.
• Shelly’s board backed the offer, citing alignment with terms set out in the Sept. 24, 2026 investment agreement.
• An independent fairness opinion from Freitag & Co. found the EUR 70 offer price fair financially.
• The bidder outlined plans covering management, footprint, employment, brand preservation for a set period, and a potential delisting.
• The offer was registered with Bulgaria’s Financial Supervision Commission on Sept. 28, 2026, with publication pending regulator sign-off.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shelly Group AD published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2410688_en) on October 05, 2026, and is solely responsible for the information contained therein.