General Cable’s shareholders approved the acquisition by Prysmian Group by large majority

General Cable’s shareholders approved the acquisition by Prysmian Group by large majority

Categories: Corporate

Milan, Italy   -   02/16/2018 - 7:07 PM

Prysmian Group acknowledges that General Cable Corporation’s Shareholders approved at the Special Meeting the acquisition by Prysmian Group of 100% of General Cable’s shares for a consideration of $30.00 per share - as announced on December 4, 2017. 
 
Approximately 75,34% of the total number of shares of common stock outstanding and entitled to vote at the Special Meeting and approximately 99% of the total votes cast, were in favor of the merger. 
 
Prysmian Group expresses satisfaction for General Cable shareholders’ large majority approval of the above-mentioned acquisition. 
 
Subject to regulatory approvals and other customary closing conditions, the completion of the acquisition is expected to take place by the third quarter of 2018.  

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