DEME has been awarded two significant contracts valued over €300 million from Prysmian, a leader in cable solutions, to undertake the engineering and installation of the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands. This venture marks the largest cabling project in DEME’s history and its inaugural project utilizing Prysmian’s innovative […]
Toronto-based Avenue Investment Management has formally raised concerns about the proposed merger between Encore Wire Corporation and Prysmian S.p.A. Priced at $290 per share, the deal, announced on April 15, 2024, has sparked debate over the valuation of Encore Wire. Bryden Teich, Chief Investment Officer at Avenue Investment Management, articulated these concerns in a detailed […]
Prysmian has announced a definitive merger agreement to acquire Encore Wire Corporation for $290.00 per share in cash. This transaction marks a 20% premium over the 30-day volume-weighted average share price as of April 12, 2024, valuing Encore Wire at approximately €3.9 billion. This price reflects a multiple of 8.2x based on 2023A EBITDA and […]