The Financial Supervision Commission (FSC) has issued a temporary ban on the tender offer by SE 2026 A SAS, a wholly-owned subsidiary of Schneider Electric SE, for Shelly Group. Recall, that the bidder wishes to acquire 13 244 827, but not less than 12 330 305 shares of the company, representing 72.41% of the capital. In its resolution FSC has requested certain amendments which, if applied, could potentially increase the fair price (EUR 59.33) according to the valuation methods. Recall that on 28 September, SE 2026 A SAS has filed a voluntary tender offer at a price of EUR 70.00 per share, which is higher than the weighted average market price for the last 6 months (EUR 59.29), the fair price calculated through generally accepted valuation methods (EUR 59.33), and the highest price paid per share by the bidder during the last six months (EUR 52.00).