# Prysmian Group to acquire General Cable for $3 billion

Prysmian Group announced a definitive merger agreement to acquire General Cable in a transaction valued at $3 billion, including debt. The deal is expected to close in Q3 2018.

- Type: Acquisition
- Announced: 2018-01-19
- Where: Highland Heights, Kentucky, United States
- Value: $3.00B
- Status: announced
- Products: cables
- 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

- [material-electrico.cdecomunicacion.es](https://material-electrico.cdecomunicacion.es/noticias/proveedores/25103/prysmian-group-adquiere-general-cable-en-una-operacion-de-3-000-millones-de-dolares), 2018-01-19: "La adquisición de General Cable representa un momento histórico para Prysmian Group y una oportunidad estratégica y única para crear valor para nuestros accionistas y clientes."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/886035/000119312518055029/d531203dex991.htm), 2018-02-16: "Stockholders of General Cable approved the Company’s previously announced acquisition by Prysmian Group for $30.00 per share in cash."
- [reuters.com](https://www.reuters.com/article/brief-general-cable-corp-stockholders-ap/brief-general-cable-corp-stockholders-approve-acquisition-by-prysmian-group-idUSASM000JEN/?feedName=companyNews&feedType=RSS), 2018-02-16: "Approximately 99% of total votes cast were voted in favor of merger."
- [subseaworldnews.com](https://subseaworldnews.com/2018/02/19/prysmian-shareholders-accept-general-cable-acquisition/), 2018-02-19: "Approximately 75% of the total number of shares of common stock outstanding and entitled to vote at the General Cable’s Special Meeting and approximately 99% of the total votes cast, were in favor of the merger."
- [wirecable.in](https://www.wirecable.in/acquisition-of-general-cable-by-prysmian-earns-shareholder-approval/), 2018-02-19: "A total of 38,140,754 shares were voted in favor of the merger."
- [lightwaveonline.com](https://www.lightwaveonline.com/business/mergers-acquisitions/article/16676276/prysmian-acquisition-of-general-cable-earns-shareholder-approval), 2018-02-19: "General Cable Corp. said the voting results from the company's stockholders meeting are in, and its previously announced acquisition by Prysmian Group for $30.00 per share in cash has been approved."
- [businesswirechina.com](https://www.businesswirechina.com/en/news/37044.html), 2018-02-23: "Stockholders of General Cable approved the Company’s previously announced acquisition by Prysmian Group for $30.00 per share in cash."

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