Offer for Wonderware
Dow Jones
IRVINE —
British engineering and electronics firm Siebe PLC began its $24-a-share tender offer Monday for Irvine-based software maker Wonderware Corp.
The offer, set to expire at 9 p.m., requires that a majority of the outstanding shares of Wonderware stock be tendered. Wonderware’s board unanimously approved the offer, which was announced last week.
Wonderware would become a wholly owned division of Siebe.