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Schneider, which already owns a majority stake in the London-listed firm, in September offered to fully take over Aveva for 3,100 pence per share.
Several Aveva investors had threatened to reject the previous offer, including top-five investor Davidson Kempner.
The hedge fund said on Thursday the Schneider bid was “highly opportunistic” and it did not take into account Aveva’s long-term potential.
($1 = 0.8485 pounds)
