Encore wire to be acquired by prysmian for $290.00 per share in cash

Mckinney, texas--(business wire)--encore wire (nasdaq: wire) today announced that it has entered into a definitive merger agreement under which prysmian (bit: pry) will acquire encore wire for $290.00 per share in cash (the “transaction”). the transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (vwap) as of friday, april 12, 2024 and approximately 29% to the 90-day vwap as of the same date. at the terms of the transaction, encore wire's implie.
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