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Prysmian SpA (PRY.MI)

PRY.MI on Milan Stock Exchange

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Tue, Dec 5 2017

Prysmian sets sights on other M&A targets after General Cable deal

MILAN Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion deal to buy U.S. rival General Cable .

Prysmian sets sights on other M&A targets after General Cable deal

MILAN Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion (£2.23 billion)deal to buy U.S. rival General Cable.

Prysmian sets sights on other M&A targets after General Cable deal

MILAN, Dec 5 Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion deal to buy U.S. rival General Cable.

BRIEF-Prysmian CEO sees three additional M&A targets

* CEO VALERIO BATTISTA SAYS SEES THREE ADDITIONAL POTENTIAL M&A TARGETS OPERATING IN ASIA, NORTH AMERICA AND ONE WORLDWIDE

BRIEF-Prysmian CEO sees synergies NPV from General Cable deal of around 1.2 bln euros

* CEO VALERIO BATTISTA SAYS NET PRESENT VALUE OF SYNERGIES EXPECTED FROM GENERAL CABLE DEAL IS AROUND 1.2 BILLION EUROS

BRIEF-Prysmian CEO says another M&A deal could be done in coming months

Dec 5 Prysmian Chief Executive Valerio Battista says:

BRIEF-General Cable To Pay Fee If Merger Between Co & Prysmian Terminates

* 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 Source: (http://bit.ly/2BIdBUT) Further company coverage:

Italy's Prysmian digs deep to buy General Cable in $3 billion deal

MILAN Italian cable maker Prysmian has agreed to pay a hefty premium to buy U.S. rival General Cable in a $3 billion deal struck despite competing bids from Chinese and European groups.

UPDATE 2-Italy's Prysmian digs deep to buy General Cable in $3 bln deal

* Tightens grip on market leadership (Adds Prysmian executives comments, share reaction, analyst comment)

Prysmian agrees $30-a-share all-cash deal for General Cable

MILAN Italian cable maker Prysmian has agreed to buy General Cable for $30 a share in an all-cash deal that values its Kentucky-based rival at about $3 billion (2.22 billion pounds), including debt and other liabilities.

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