Market Overview

General Cable Corporation Stockholders Approve Acquisition By Prysmian Group


General Cable Corporation (NYSE:BGC) today announced the voting results
from the Company's special meeting of stockholders held this morning.
Stockholders of General Cable approved the Company's previously
announced acquisition by Prysmian Group (BIT: PRY) for $30.00 per share
in cash.

A total of 38,140,754 shares, representing approximately 75.34% of the
total number of shares of common stock outstanding and approximately 99%
of the total votes cast, were voted in favor of the merger. Subject to
regulatory approvals and other customary closing conditions, the
transaction is expected to close by the third quarter of 2018.

About General Cable

General Cable (NYSE:BGC), with headquarters in Highland Heights,
Kentucky, is a global leader in the development, design, manufacture,
marketing and distribution of aluminum, copper and fiber optic wire and
cable products for the energy, communications, automotive, industrial,
construction and specialty segments. General Cable is one of the largest
wire and cable manufacturing companies in the world, operating
manufacturing facilities in its core geographical markets, and has sales
representation and distribution worldwide.

Cautionary Statement Regarding Forward-Looking

This document contains certain forward-looking statements also within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, as amended. In some cases, you
can identify these forward-looking statements by forward-looking words,
such as "estimate," "expect," "anticipate," "project," "plan," "intend,"
"believe," "forecast," "foresee," "likely," "may," "should," "goal,"
"target," "might," "will," "could," "predict," and "continue," the
negative or plural of these words and other comparable terminology.
Forward looking statements in this document include, but are not limited
to, statements regarding the expected timing of the completion of the
transaction, Prysmian's operation of General Cable's business following
completion of the contemplated merger, the expected benefits of the
transaction, and the future operation, direction and success of
Prysmian's and General Cable's businesses. These forward-looking
statements are subject to numerous risks and uncertainties, which could
cause actual results to differ materially from those anticipated in
these forward-looking statements. These risks and uncertainties include,
but are not limited to, uncertainties as to the timing of the
contemplated merger; the possibility that the closing conditions to the
contemplated merger may not be satisfied or waived; the effects of
disruption caused by the announcement of the contemplated merger; the
risk of shareholder litigation in connection with the contemplated
transaction, and other risks and uncertainties described in the section
"Risk factors and uncertainties" in Prysmian's most recent Annual Report
(which is available on
and in General Cable's annual report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K available at
Subject to applicable law, neither Prysmian nor General Cable undertakes
to publicly update or revise any of these forward-looking statements.
This document does not constitute an offer to sell, or a solicitation of
an offer to buy Prysmian or General Cable shares.

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