General Cable to be purchased by Prysmian

INDUSTRY NEWS: posted 5 December 2017

PRESS RELEASE: MILAN, Italy and HIGHLAND HEIGHTS, Kentucky, United States -  Prysmian Group have announced that they have entered into a definitive merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash.

The transaction, which has been unanimously approved by each company’s Board of Directors and recommended to its shareholders by General Cable’s Board of Directors, is expected to close by the third quarter of 2018, subject to the approval of General Cable’s shareholders representing at least a majority of the outstanding shares, regulatory approvals, and other customary conditions.

Read the full story here: https://www.prysmiangroup.com/en/press-releases/prysmian-to-acquire-general-cable

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