Market Overview

Prysmian Completes Acquisition of General Cable


Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE: BGC) today announced that Prysmian has completed its acquisition of
General Cable.

Pursuant to the terms of the merger agreement entered into among the
parties on December 3, 2017, Prysmian has acquired all the outstanding
shares of General Cable common stock for $30.00 per share in cash. With
the completion of the transaction, General Cable has become a privately
held company, and therefore its shares will no longer be listed on the
NYSE or any other public market.

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable systems
industry. With almost 140 years of experience, sales of about €7.9
billion in 2017, over 21,000 employees across 50 countries and 82
plants, the Group is strongly positioned in high-tech markets and offers
the widest possible range of products, services, technologies and
know-how. It operates in the businesses of underground and submarine
cables and systems for power transmission and distribution, of special
cables for applications in many different industries and of medium and
low voltage cables for the construction and infrastructure sectors. For
the telecommunications industry, the Group manufactures cables and
accessories for voice, video and data transmission, offering a
comprehensive range of optical fibres, optical and copper cables and
connectivity systems. Prysmian is a public company, listed on the
Italian Stock Exchange in the FTSE MIB index.

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.

This press release is available on the company website at
and in the mechanism for the central storage of regulated information
provided by Spafid Connect S.p.A. at

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at