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BUZZ-Aveva: best day in nearly 2 years on bid spec

Reuters - UK Focus

** Software (Xetra: 330400 - news) co Aveva jumps 10.8 pct, poised for biggest one-day in nearly 2 years, on speculation that it may be an M&A target

** Stock is second-best performer among UK midcaps

** Volumes at about a third of a full-day's average are relatively light give size of move suggesting some skepticism around deal talk

** Sunday Times reports that Schneider Electric & other cos like GE & Emerson might bid for co which specializes in software used in industrial design

** Schneider up 0.2 pct

** Aveva decline to comment on the market rumours (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net; RM: noor.hussain.thomsonreuters.com@reuters.net)