
business-mergers-and-acquisitions3.04 min read
Paramount Skydance Moves to Block Netflix-WBD Deal via Proxy Fight
1 day ago•Source: The Guardian
The latest business mergers and acquisitions stories, summarized by AI


Prysmian has entered into a definitive merger agreement to acquire Encore Wire for $290.00 per share in cash, representing a premium of approximately 20% to the 30-day volume weighted average share price. The acquisition is valued at approximately €3.9 billion and is expected to enhance Prysmian's exposure to North America and generate significant run-rate EBITDA synergies. The transaction is anticipated to close in the second half of 2024, subject to regulatory approvals and other customary closing conditions.