Prysmian Sets Sights On Other M&A Targets

By Francesca Landini, Reuters December 5, 2017 MILAN, Dec 5 (Reuters) - Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion deal to buy U.S. rival General Cable. The targets are mid-sized groups, one based in Asia, one in [...]

2017-12-05T18:22:15+00:00 December 5th, 2017|Categories: State of the Industry|Tags: , , |

Prysmian To Acquire General Cable For USD 3 Billion

By Telecompaper December 4, 2017 Prysmian has agreed to buy rival General Cable for USD 3 billion including debt, creating a new powerhouse in the energy and telecom cable market. The offer of USD 30 per share cash is an 81 percent premium on General Cable's share price in July when the company announced it [...]

2017-12-04T13:17:51+00:00 December 4th, 2017|Categories: State of the Industry|Tags: , , , |