In France, SCHNEIDER ELECTRIC has improved its bid for LEGRAND by 3% to 6.4 bn euro. This new bid aims to satisfy preference share or non-voting shareholders who were only offered 2 SCHNEIDER shares for each of their own, whereas owners of ordinary shares were to receive 3.5 SCHNEIDER shares. The improved bid stands at 55 euro per LEGRAND share. See EI of 17 January.