Following on April 9's "Grid: How U.S. Electrical Transmission Lines Will Be Rebuilt—Reconductoring" we see at Reuters (via Yahoo Finance) this morning:
Cable giant Prysmian to buy Encore Wire in $4.2 billion deal
Italy's Prysmian announced a deal to buy US firm Encore Wire for an enterprise value of about 3.9 billion euros ($4.15 billion) as it doubles down on a North American market that already powers its profits.
Massimo Battaini, CEO-designate of the world's largest cablemaker, described wire and cable maker Encore as a "strong player" in the U.S., in particular in the industrial construction segment.
It will pay Encore Wire shares $290 in cash each, an 11% premium to the stock's close on Friday.
Battaini said the deal would allow Prysmian to become "even more relevant" in the North American market, its most profitable one, thanks to the complementary portfolios of the two firms....
....MUCH MORE
