April 15 (Reuters) - Italy's Prysmian will

acquire copper and aluminum electrical cable maker Encore Wire ( WIRE )

for an enterprise value of about 3.9 billion euros

($4.15 billion), the companies said on Monday.

Prysmian, the world's largest cable maker, will buy Encore

Wire ( WIRE ) for $290 per Encore share, which is an 11% premium to the

stock's close of $260.98 on Friday.

The deal will allow Prysmian to boost its exposure to North

America and broaden its product offering, it said.

Prysmian will finance the transaction through a mix of 1.1

billion euros in cash and newly committed debt facilities of 3.4

billion euros, it said.

The transaction has been approved by each company's board of

directors and is expected to close in the second half of 2024,

subject to regulatory and shareholder approvals.

($1 = 0.9394 euros)

(Reporting by Angela Christy in Bengaluru; Editing by Janane

Venkatraman and Savio D'Souza

)