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…

General Cable Fined $82.3M for Supply Chain Accounting Errors, Bribery Acts

General Cable Corp. has agreed to pay more than $80 million in penalties to the U.S. government in settlement of charges related to inventory and accounting misstatements in Brazil and allegations it violated the Foreign Corrupt Practices Act over a period of 12 years when it made “improper payments” to government officials in several African…

Looking Back at 2014: Interconnect and Systems Suppliers

As IP&E suppliers continue to position their businesses for stronger growth, they are acquiring other companies or shedding unprofitable operations. In this article, we will review some of the significant news in the areas of interconnects and system components. Connector supplier Molex Inc. (Lisle, IL) made two mid-year acquisitions to flesh out its ever-expanding product…

General Cable Improves Supply Chain Visibility

Fairfax, Va. — InfinityQS International, Inc., the global authority on real-time quality and Manufacturing Intelligence, announces that General Cable has improved visibility and decreased process variations from plant to plant by using InfinityQS ProFicient. As a result, General Cable, a global leader in the development, manufacturing, design and distribution of aluminum, copper and fiber-optic wire and cable products,…