With the completion of the transaction, General Cable has become a privately held company, and therefore its shares will no longer be listed on the NYSE or any other public market. Prysmian Group is world leader in the energy and telecom cable systems industry.
Who owns General Cable Corporation?
Prysmian Group
General Cable/Parent organizations
In December 2017, Prysmian acquired General Cable in $3 billion deal which was finalized on June 6, 2018.
When did prysmian buy General Cable?
December 3, 2017
Prysmian completes acquisition of General Cable Pursuant to the terms of the merger agreement entered into among the parties on December 3, 2017, Prysmian has acquired all the outstanding shares of General Cable common stock for $30.00 per share in cash.
Does prysmian own General Cable?
Pursuant to the terms of the merger agreement entered into among the parties on December 3, 2017, Prysmian has acquired all the outstanding shares of General Cable common stock for $30.00 per share in cash.
Who owns Southwire stock?
Currently, the company is owned by family members and governed by a ten member board of mostly independent directors. The family is deeply committed to staying independent and very competitive in this global industry, and is actively engaging the next generation of Richards owners and entrepreneurs.
What is Southwire net worth?
Southwire is one of the country’s largest makers of electrical wire, cable and cord, with 2017 revenues of $5.5 billion and 7,500 employees, including about 3,000 in metro Atlanta.
Who owns Prysmian Group?
“Prysmian History In October 2010, French cable maker Nexans made a €15/share offer to buy the 43.9% of the company held by Flint Beheer, an investment fund owned by the wealthy Fentener van Vlissingen family.
Who is the CEO of Southwire?
Rich Stinson (Jan 1, 2016–)
Southwire Company, LLC/CEO
What company owns Southwire?
A Message from the Richards Family. Southwire is a family-owned company operating in a globally competitive industry.
Who is the parent company of General Cable?
General Cable manufactures and distributes copper, aluminum, and optical fiber cables, for energy, construction, industrial, specialty and communications sectors. General Cable is a Fortune 500 company. In December 2017, Prysmian acquired General Cable in $3 billion deal which was finalized on June 6, 2018.
When did General Cable get its first logo?
When General Cable officially formed in 1927, the company introduced its first trademark logo, declaring a unified corporate identity to its customers, investors, suppliers, and associates. Since the original 1927 version, the company’s logo has been modified five times.
When was General Cable Incorporated in New Jersey?
General Cable was incorporated in New Jersey in 1927, merging several older companies founded in the 19th century, including Phillips Wire and Safety Cable Company, Rome Wire Company, and Standard Underground Cable.
What are the subcategories of General Cable Company?
Subcategories included company direction, managers, execution, pay and benefits, career, and conditions. General Cable implemented green initiatives to push the company to develop environmentally conscious strategies amidst their global presence.
