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…

Southwire Expands Wire & Cable Capacity

Carrollton, Ga. — Southwire is expanding building wire and feeder MC cable manufacturing capacity by renovating an existing 650,000-square-foot facility on 111 acres in Carrollton, Ga. This additional facility will enable Southwire to dramatically increase capacity, while streamlining operations to support residential and commercial construction growth to meet future customer demand for building wire and feeder…