April 15 (Reuters) - Prysmian - Prysmian Spa ( PRYMF ): To Acquire

Encore Wire For $290.00 Per Share In Cash:

* ITALY'S PRYSMIAN - TRANSACTION, ENCORE WIRE'S ( WIRE ) IMPLIED

ENTERPRISE VALUE IS APPROXIMATELY EUR 3.9 BILLION1

* AT TERMS OF TRANSACTION, ENCORE WIRE'S ( WIRE ) IMPLIED ENTERPRISE

VALUE

IS APPROXIMATELY EUR 3.9 BILLION

* PRYSMIAN EXPECTS TO GENERATE RUN-RATE PRE-TAX SYNERGIES OF

APPROXIMATELY EUR 140 MILLION WITHIN 4 YEARS FROM CLOSING

* TRANSACTION GROWS PRYSMIAN'S NORTH AMERICA EXPOSURE,

ENHANCING

GEOGRAPHICAL AND BUSINESS PORTFOLIO

* DEAL WILL GENERATE ABOUT EUR 140M IN RUN-RATE EBITDA

SYNERGIES

EXPECTED WITHIN 4 YEARS FROM CLOSING

* ITALY'S PRYSMIAN - EXPECTS TO GENERATE RUN-RATE PRE-TAX

SYNERGIES OF APPROXIMATELY EUR 140 MILLION WITHIN 4 YEARS FROM

CLOSING

* ITALY'S PRYSMIAN -TRANSACTION WILL BE FINANCED THROUGH MIX

OF

CASH ON PRYSMIAN'S BALANCE SHEET (€1.1 BILLION) AND NEWLY

COMMITTED DEBT FACILITIES (€3.4 BILLION).

* PRO-FORMA NET DEBT FOR COMBINED GROUP OF APPROXIMATELY EUR

5.1

BILLION, REPRESENTING A 2.4X 2023 ND/ADJUSTED. EBITDA RATIO

* PRYSMIAN TO ACQUIRE ENCORE WIRE FOR $290.00 PER SHARE IN

CASH

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