Prysmian to Acquire General Cable for $3B

Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE: BGC) today announced that they have entered into a definitive merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash. The transaction values General Cable at approximately $3 billion, including debt and certain other General Cable liabilities, and represents a premium of approximately 81% to the General Cable closing price of $16.55 per share on July 14, 2017, the last day…

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Knowles Completes Sale of Oscillator Business

Knowles Corporation (NYSE: KN), a market leader and global supplier of advanced micro-acoustic, audio processing, and precision device solutions, today announced that it has completed the sale of its timing device (oscillator) business, part of the Precision Devices segment, to Microsemi Corporation (Nasdaq: MSCC) for $130 million in cash, subject to customary adjustments. The Company…

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‘Ask Avnet’ Intelligent Agent Available in the Americas

Avnet, a leading global technology distributor, today announced that its “Ask Avnet” intelligent agent has moved into open beta, providing access to anyone in the Americas who visits Avnet.com to the diverse engineering knowledge base across the Avnet ecosystem, including Avnet, Hackster.io and element14. The first platform of its kind in electronics distribution, Ask Avnet is a tool that combines artificial intelligence (AI) and human…

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ECIA Names New VP

ECIA announces Don Elario will lead its new Global Industry Practices Council, as Vice President of Industry Practices. The GPIC replaces the Supply Chain Council, as announced previously. “Don Elario brings a wide array of skills to this very important initiative,” explained Victor Meijers, ECIA senior vice president. “His career spans 40 years in the industry,…

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JAGGAER to Acquire BravoSolution

JAGGAER, a leading independent spend management technology company, today announced that it plans to acquire BravoSolution from Italmobiliare S.p.A., subject to customary closing conditions, effectively rendering JAGGAER the largest independent, vertically focused spend management solutions company in the world. JAGGAER will have over 1,850 customers connected to a network of 3.7 million suppliers in 70…

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Mouser Offers Microchip’s Ethernet of Everything Solutions

Mouser Electronics, Inc., the New Product Introduction (NPI) leader that empowers innovation, is now stocking stocks a broad selection of products from Microchip Technology’s Ethernet of Everything solutions. Whether called Internet of Things(IoT), Industrial IoT, or Industrial Ethernet, any “thing” can now be connected, controlled or monitored — from garage openers and home appliances to HVAC systems, lighting, and an…

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