FILE PHOTO: The logo of Scheider Electrics is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau
(Reuters) - Canada-based Mawer Investment Management and M&G Investments, shareholders in Aveva Plc, intend to reject Schneider Electric's 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer "opportunistic".
French industrial group Schneider Electric on Wednesday said it would proceed with a full takeover of the British software company, offering 31 pounds per share.
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