General Cable Corporation

Prysmian Group completed its acquisition of General Cable Corporation for $30.00 per share in cash, making General Cable a privately held company.

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.

General Cable has applied for a tax abatement from Harrison County, Texas, to support a $50 million expansion of its Scottsville facility, which will create 75 new jobs.

The European Union approved the acquisition of US-based General Cable by Italian firm Prysmian. Both companies manufacture cables for energy and telecommunications industries.

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.

Encore Wire joined Prysmian's North American operations in July 2024, combining Prysmian's expertise with Encore Wire's service model.

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.