-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Prysmian Group and General Cable Corporation (NYSE: BGC) today announced that they have received approval from the Committee on Foreign Investment in the United States (CFIUS) for Prysmian's acquisition of General Cable
.
Such a license is the last regulatory approval
associated with a transaction.
As previously announced by General Cable, on 16 February 2018, General Cable's shareholders approved Prysmian's tender offer
.
Prysmian and General Cable currently expect the transaction to close on June 6, 2018, subject to meeting or waiving the remaining customary conditions
set out in the merger agreement between the parties.
On December 4, 2017, global cable giants Prysmian Group and General Cable announced that they have reached a definitive merger agreement under which Prysmian will acquire General Cable for US$30 per share in cash, for a total transaction value of approximately US$3 billion (including debt).
Subsequently, Prysmian CEO Valerio Battista recently announced that the group is also pursuing three more acquisition targets
.
All three targets belong to the medium-sized group, one in Asia, one in North America, and one in other regions
.
One of the acquisitions is expected to be agreed
in the coming months.
In addition, Prysmian has been interested in acquiring Nokia's Alcatel Undersea Networks (ASN), but has not clarified whether the company is one of
three possible targets for the Italian group.
Based on consolidated results for the 12 months ended September 30, 2017, the combined group generated sales of more than EUR 11 billion and adjusted EBITDA of approximately EUR 930 million
.
The combined group will employ approximately 31,000 people
in more than 50 countries worldwide.
Prysmian Group and General Cable Corporation (NYSE: BGC) today announced that they have received approval from the Committee on Foreign Investment in the United States (CFIUS) for Prysmian's acquisition of General Cable
.
Such a license is the last regulatory approval
associated with a transaction.
As previously announced by General Cable, on 16 February 2018, General Cable's shareholders approved Prysmian's tender offer
.
Prysmian and General Cable currently expect the transaction to close on June 6, 2018, subject to meeting or waiving the remaining customary conditions
set out in the merger agreement between the parties.
On December 4, 2017, global cable giants Prysmian Group and General Cable announced that they have reached a definitive merger agreement under which Prysmian will acquire General Cable for US$30 per share in cash, for a total transaction value of approximately US$3 billion (including debt).
Subsequently, Prysmian CEO Valerio Battista recently announced that the group is also pursuing three more acquisition targets
.
All three targets belong to the medium-sized group, one in Asia, one in North America, and one in other regions
.
One of the acquisitions is expected to be agreed
in the coming months.
In addition, Prysmian has been interested in acquiring Nokia's Alcatel Undersea Networks (ASN), but has not clarified whether the company is one of
three possible targets for the Italian group.
Based on consolidated results for the 12 months ended September 30, 2017, the combined group generated sales of more than EUR 11 billion and adjusted EBITDA of approximately EUR 930 million
.
The combined group will employ approximately 31,000 people
in more than 50 countries worldwide.
