Prysmian completes the acquisition of Encore Wire

In accordance with the terms of the merger agreement entered into by the parties on 14 April 2024, Prysmian has acquired all outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash.

 

The acquisition will strengthen Prysmian’s position in North America. With the completion of the transaction, Encore Wire has become a privately held company, and therefore its shares will no longer be listed on NASDAQ or any other public market.