Italy's Prysmian will acquire copper and aluminum electrical cable maker Encore Wire for an enterprise value of about 3.9 billion euros ($4.15 billion), the companies said on Monday. Prysmian, the world's largest cable maker, will buy Encore Wire for $290 per Encore share, which is an 11% premium to the stock's close of $260.98 on Friday. The deal will allow Prysmian to boost its exposure to North America and broaden its product offering, it said.
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