Avenue Investment Management challenges Encore Wire-Prysmian merger deal
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 […]