Aveva said to be working with Lazard on takeover options
Software developer Aveva has reportedly hired bankers Lazard to consider its strategic options as speculation over a bid from an American suitor grows.
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According to the Sunday Times, Aveva, which makes software for oil and gas companies, began working on takeover options with Lazard in February, though the company is known to have a relationship with the bank dating back to last year.
The development comes as Schneider Electric, General Electric and Emerson consider a bid for the company and amid growing talk that American tech firm Aspen Technology is also considering entering the fray, the Sunday Times said.