Prysmian to acquire Encore for about $4.2 bln

Encore Wire

15/04/2024 05:15

April 15 (Reuters) - Italy's Prysmian  PRY.MI  will
acquire Encore Wire  WIRE.O  for $290.00 per share in cash, the
companies said on Monday. 
    According to the terms of the transaction, Encore Wire’s
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
)
 ((AngelaChristy.M@thomsonreuters.com;))