(ANSA) - Milan, December 4 - Italian company Prysmian, an
international leader in the production of cables, said Monday
that it was buying American rival General Cable in an operation
worth around $3 billion.
Prysmian said it has reached a deal to buy 100% of General
Cable, paying $30 per share.
The operation, which has been approved by the boards of both
companies, is set to be closed by the end of the third quarter
of 2018.
Prysmian to buy General Cable for $3bn (2)
Italian group to acquire shares for $30