Autodesk (ADSK) shares are extending gains on Oct. 5 after French industrial conglomerate Schneider Electric announced an all-cash acquisition of rival PTC at a hefty 42.3% premium. The massive $22.6 billion deal triggered a swift sector-wide valuation re-rating, shedding light on how underpriced engineering design and product lifecycle software assets may be.
Despite today’s gains, Autodesk stock remains down nearly 25% versus the start of this year.
