Manufacturers

General Cable Stockholders Approve Acquisition by Prysmian

HIGHLAND HEIGHTS, Ky. — General Cable Corporation announced the voting results from the Company’s special meeting of stockholders held on February 16. Stockholders of General Cable approved the Company’s previously announced acquisition by Prysmian Group (BIT: PRY) for $30.00 per share in cash.

The $3 billion acquisition was announced in December on tEDmag.com.

A total of 38,140,754 shares, representing approximately 75.34% of the total number of shares of common stock outstanding and approximately 99% of the total votes cast, were voted in favor of the merger. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close by the third quarter of 2018.

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