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Prysmian to acquire General Cable for USD 3 billion

2017-12-04 10:42:00| Telecompaper Headlines

(Telecompaper) 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 was considering strategic alternatives.

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Category:Telecommunications

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