(Reuters) -Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential "strategic transaction" have ended. "Those discussions are now mutually terminated and no transaction was agreed upon," Schneider said in a statement. Bentley's shares fell more than 5% on the news, giving the company a market value of $16 billion.
Bentley Systems (BSY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
It's been a good week for Bentley Systems, Incorporated ( NASDAQ:BSY ) shareholders, because the company has just...