Market Chatter: Schneider Electric Reportedly Set to Make Offer for Bulgaria-based Shelly Group

01:24 AM EDT, 09/24/2026 (MT Newswires) -- Schneider Electric (SU.PA) is expected to announce an offer for Bulgaria-based smart home devices manufacturer Shelly Group (SLYG.F) as soon as this week, Bloomberg News reported Thursday, citing people familiar with the matter. One of the people said the French industrial technology company has been in discussions to buy Shelly Group at 70 euros per share, valuing the potential target at 1.27 billion euros, excluding debt, the report added. Schneider 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.)