Bentley Systems acknowledged Schneider statement over talks

Bentley Systems (BSY) acknowledged earlier today the public statement made by Schneider Electric (SBGSY) in response to recent market speculation. “Bentley does not publicly comment on market rumors or speculation and does not intend to comment on this matter,” the company said. Schneider Electric confirmed that it has been holding discussions with Bentley with regards to a potential strategic transaction. “Discussions remain at a preliminary stage regarding a potential transaction, and there is no certainty that any transaction will be agreed upon. No further comment will be made until an update is warranted,” it added. Shares of Bentley are down 28c to $51.78 in midday trading. Reuters reported yesterday that Bentley is exploring options that include a sale after attracting acquisition interest.