Market Chatter: Schneider Electric Reportedly in Talks for Potential EUR1.3 Billion Acquisition of Shelly Group

06:17 AM EDT, 07/29/2026 (MT Newswires) -- Schneider Electric (SU.PA) is reportedly in negotiations for a potential takeover offer for home smart devices manufacturer Shelly Group (SLYG.F), Bloomberg News reported Wednesday, citing people familiar with the matter. The French energy management and automation company is planning to offer 70 euros for each Shelly share, valuing the target asset at 1.3 billion euros, according to the report. The discussions are still ongoing, and there is no assurance that a final deal will be made, the sources added. Schneider Electric and Shelly Group did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)