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General Cable Corp (BGC.N)

BGC.N on New York Stock Exchange

29.75USD
19 Jan 2018
Change (% chg)

$0.15 (+0.51%)
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$29.60
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$29.75
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$29.62
Volume
184,843
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$30.15
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$14.95

Latest Key Developments (Source: Significant Developments)

Prysmian CEO sees synergies NPV from General Cable deal of around 1.2 bln euros
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Prysmian executives say: :CEO VALERIO BATTISTA SAYS NET PRESENT VALUE OF SYNERGIES EXPECTED FROM GENERAL CABLE DEAL IS AROUND 1.2 BILLION EUROS.CEO SAYS THINKS GENERAL CABLE IS A BIT OVERSTAFFED.CFO PIER FRANCESCO FACCHINI SAYS RIGHTS ISSUE OF 500 MLN EUROS WILL ALLOW COMPANY TO COMPLETE DEALS ALREADY IN PIPELINE, SMALLER SIZE THAN GENERAL CABLE.CFO SAYS ESTIMATE ON EPS ACCRETION AFTER GENERAL CABLE DEAL ALREADY INCLUDES PLANNED RIGHTS ISSUE, BUT EXCLUDES EXPECTED SYNERGIES.  Full Article

Prysmian CEO says another M&A deal could be done in coming months
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Prysmian Chief Executive Valerio Battista says: :ANOTHER M&A DEAL COULD BE DONE IN COMING MONTHS.GENERAL CABLE ACQUISITION STRENGTHENS PRYSMIAN'S LEADERSHIP BUT SECTOR STILL HIGHLY FRAGMENTED.  Full Article

General Cable To Pay Fee If Merger Between Co & Prysmian Terminates
Monday, 4 Dec 2017 

Dec 4 (Reuters) - General Cable Corp ::GENERAL CABLE CORP SAYS IF MERGER AGREEMENT BETWEEN CO & PRYSMIAN TERMINATED, CO TO PAY A TERMINATION FEE IN THE AMOUNT OF $47 MILLION - SEC FILING.  Full Article

Prysmian To Acquire General Cable For $30 Per Share In Cash
Monday, 4 Dec 2017 

Dec 4 (Reuters) - General Cable Corp ::PRYSMIAN TO ACQUIRE GENERAL CABLE FOR $30.00 PER SHARE IN CASH.TRANSACTION VALUES GENERAL CABLE AT APPROXIMATELY $3 BILLION, INCLUDING DEBT AND CERTAIN OTHER GENERAL CABLE LIABILITIES‍​.SAYS PRYSMIAN EXPECTS COMBINED GROUP TO GENERATE RUN-RATE PRE-TAX COST SYNERGIES OF APPROXIMATELY EUR 150 MILLION WITHIN FIVE YEARS.TRANSACTION IS EXPECTED TO GENERATE EPS ACCRETION IN RANGE OF 10-12% FOR PRYSMIAN SHAREHOLDERS ALREADY WITHIN FIRST YEAR AFTER CLOSING.  Full Article

General Cable Corp reports Q3 loss per share $0.28
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - General Cable Corp :General Cable Corp reports third quarter 2017 results.Q3 loss per share $0.28.Q3 adjusted earnings per share $0.25.General Cable Corp - qtrly ‍net sales $994.0 million versus $924.5 million​.  Full Article

General Cable announces review of strategic alternatives
Sunday, 16 Jul 2017 

July 16 (Reuters) - General Cable Corp ::General cable announces review of strategic alternatives to maximize shareholder value.Board has initiated a review of strategic alternatives to maximize shareholder value, including a potential sale of co.Engaged J.P. Morgan securities LLC as financial advisor and Sullivan & Cromwell LLP as legal advisor to assist in process.Announced preliminary financial results for Q2 ended june 30, 2017.Company expects to report revenues of approximately $923 million for north america, europe and latin america for Q2.General cable corp - expects to report reported operating loss and adjusted operating income for Q2 of about $23 million and $32 million, respectively.  Full Article

CTC Global and General Cable expand collaborative ACCC conductor partnership
Monday, 13 Feb 2017 

General Cable Corp : CTC Global And General Cable expand collaborative accc conductor partnership .General Cable - has been granted rights to manufacture, sell ACCC bare overhead transmission, distribution conductor in U.S., Canada, Puerto Rico.  Full Article

General Cable says CEO of Americas Gregory Lampert to leave company
Thursday, 18 Aug 2016 

General Cable Corp : Gregory Lampert, executive vice president, president and Chief Executive of Americas will be leaving company . Conducting an external search for an executive to lead company's North America business .General cable = pending hire of new executive, Michael Mcdonnell, president and CEO assumed direct responsibility for North America busines.  Full Article

General Cable Q2 adjusted EPS $0.30 from continuing operations
Wednesday, 3 Aug 2016 

General Cable Corp : Q2 adjusted earnings per share $0.30 from continuing operations . Sees q3 adjusted earnings per share $0.10 to $0.30 . General cable reports second quarter 2016 results . Q2 earnings per share $0.68 from continuing operations . Sees q3 revenue $900 million to $950 million . General cable corp says kreidler will replace brian robinson . General cable corp says company's search, with assistance of heidrick & struggles, for a permanent replacement cfo is advancing . Q3 earnings per share view $0.35, revenue view $953.6 million -- Thomson Reuters I/B/E/S . General cable corp says board of directors named chris kreidler to serve as interim chief financial officer, effective august 12, 2016 .General cable corp says also expect normal seasonal slowing in european businesses and further easing of subsea turnkey project business.  Full Article

General Cable to sell North American automotive ignition wire business
Monday, 23 May 2016 

General Cable Corp : General cable announces agreement to sell its north american automotive ignition wire business . General cable corp says deal valued at approximately $71 million . Proceeds will be used to reduce outstanding borrowings. .To sell its north american automotive ignition wire business to standard motor products.  Full Article

BRIEF-Hengtong Optic-Electric scraps plan to bid for General Cable, share trade to resume

* SAYS IT SCRAPS PLAN TO BID FOR GENERAL CABLE CORP AS THE BIDDING PRICE EXCEEDS COMPANY'S EXPECTATION