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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Apr. 26, 5:12 AM

Slide #68. Prysmian Encore Wire

Acquirer: Prysmian
Acquiree: Encore Wire (NASDAQ:WIRE)
Details: Encore Wire (NASDAQ:WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290.00 per share in cash (the "Transaction"). The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024 and approximately 29% to the 90-day VWAP as of the same date.



Open the WIRE Page at The Online Investor »

Company Name:  Encore Wire Corp.
Website:  www.encorewire.com
Sector:  Electronic Equipment & Products
Number of ETFs Holding WIRE:  56
Total Market Value Held by ETFs:  $1.04B
Total Market Capitalization:  $4.47B
% of Market Cap. Held by ETFs:  23.22%
 

Open the WIRE Page at The Online Investor (in a new window) »

April 26, 2024    5:12 AM Eastern
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Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
WIRE Stock Forecast

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