Aker Shares Jump After $3.1 Billion Sale of Cognite to Schneider Electric
Aker's stock climbed sharply after the Norwegian conglomerate agreed to sell its entire holding in Cognite Holding B.V. to Schneider Electric for $3.1 billion in cash. The transaction produces roughly $1.48 billion in proceeds for Aker, generates an uplift to reported net asset value and leads the company to reinvest the windfall into a larger stak…