RIB Software (RSTAY) [ETR: RIB] published in its recent release, that Schneider Electric (SBGSF) submitted its takeover offer to BaFin - the German watchdog to approve the deal. We don't see any risks to the transaction and the approval process should be rather smooth. Since the takeover announcement, some investors remained skeptical whether Schneider will proceed with the acquisition, given RIB's poor corporate governance. However, it seems there were no major concerns indicating positive due diligence outcome. According to the announcement, following BaFin's approval, investors will have around 30 days period, expected