# Prysmian to acquire General Cable for $3 billion

Prysmian Group will acquire General Cable Corporation for $30.00 per share in cash, valuing General Cable at approximately $3 billion including debt. The transaction is expected to close by Q3 2018.

- Type: Acquisition
- Announced: 2017-07-14
- Value: $3.00B
- Status: announced
- Products: wire and cable
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md) (acquirer)
- [General Cable Corporation](https://endata.com/companies/25611.md) (target)

## Sources

- [smetimes.in](https://www.smetimes.in/smetimes/news/pr_newswire/2017/Dec/04/Prysmian-to-Acquire-General-Cable-for-USD-30-00-Per-Share-in-Cash.html), 2017-07-14: "The acquisition of General Cable represents a landmark moment for Prysmian Group and a strategic and unique opportunity to create value for our shareholders and customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.