Prysmian Completes Acquisition of General Cable

Categories : Corporate 

Milan, Italy and Highland Heights, Kentucky, U.S.   -   06/06/2018 - 12:00 AM

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.  

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