# Prysmian to acquire Encore Wire for $290 per share

Prysmian S.p.A. has entered into a definitive merger agreement to acquire Encore Wire Corporation for $290.00 per share in cash, implying an enterprise value of approximately €3.9 billion. The transaction is expected to close within four years and will enhance Prysmian's North American presence.

- Type: Acquisition
- Announced: 2024-04-12
- Where: United States
- Value: $4.20B (3.90B EUR)
- Status: announced
- Products: copper and aluminum electrical wire and cable
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md) (acquirer)
- [Encore Wire](https://endata.com/companies/27936.md) (target)

## Sources

- [prysmian.com](https://www.prysmian.com/en/media/press-releases/acquisition-of-encore-wire), 2024-04-12: "Prysmian today announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire (NASDAQ: WIRE) for $290.00 per share in cash."
- [nsenergybusiness.com](https://www.nsenergybusiness.com/deals/prysmian-to-buy-wire-and-cables-manufacturer-encore-wire-in-e3-9bn-deal/), 2024-04-16: "This transaction maximises value for Encore Wire shareholders and provides an attractive premium for their shares."

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