<A href="http://www.audioholics.com/news/pressreleases/APCacquiredSchneiderElectric.php"><IMG style="WIDTH: 125px; HEIGHT: 58px" alt=[APClogo1] hspace=10 src="http://www.audioholics.com/news/thumbs/APClogo1_th.gif" align=left border=0></A>American Power Conversion Corporation, a global leader in power availability solutions, and Schneider Electric SA, a leading provider of solutions for electrical distribution, industrial control and automation projects, announced today that the two companies have executed a definitive merger agreement under which Schneider Electric will acquire all outstanding shares of APC for $31.00 per share in cash. The aggregate transaction value is approximately $6.1 billion. The transaction, which is expected to close in the first quarter of 2007, is subject to approval by APC shareholders and other customary conditions.
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