Prysmian completes acquisition of General Cable

Prysmian completes acquisition of General Cable
Published: 7 June 2018 - 12:17 a.m.
By: Evan Real

Prysmian has completed its acquisition of General Cable.

Pursuant to the terms of the merger agreement entered into among the parties on 3 December, 2017, Prysmian has acquired all of 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.

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