Schneider Wins 78% of Square D Stock:...
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From Times Staff and Wire Reports
Schneider Wins 78% of Square D Stock: Schneider SA said it had won 78% of Square D Co.’s common stock and vowed to keep up its $1.8-billion takeover bid until executives at the electronic equipment maker negotiate a deal--or are forced out. Square D has dismissed Schneider’s offer as too low and has vowed to stay independent, but the Paris-based company nonetheless extended its tender offer into next month, aiming to force Square D’s hand.
