# Prysmian Group to acquire General Cable for $3 billion

Prysmian Group will acquire General Cable for $30 per share in cash, valuing General Cable at $3 billion including debt. The transaction was approved by both boards and is expected to close by Q3 2018.

- Type: Acquisition
- Announced: 2023-03-28
- Where: United States
- 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

- [na.prysmian.com](https://na.prysmian.com/content/en-news-general-cable-acquisition), 2023-03-28: "Prysmian Group will acquire General Cable for $30.00 per share in cash in a definitive merger agreement."

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