Prysmian to acquire Encore for about $4.2 bln-March 2024-www.financetom.com

Prysmian to acquire Encore for about $4.2 bln

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Prysmian to acquire Encore for about $4.2 bln

Apr 14, 2024 9:49 PM

April 15 (Reuters) - Italy's Prysmian will

acquire Encore Wire ( WIRE ) for $290.00 per share in cash, the

companies said on Monday.

According to the terms of the transaction, Encore Wire's ( WIRE )

implied enterprise value is about 3.9 billion euros ($4.15

billion), the firms said.

($1 = 0.9392 euros)

(Reporting by Angela Christy in Bengaluru; Editing by Janane

Venkatraman

)

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