Attractive options for cash deployment resulting from the Encore-Prysmian merger
MCKINNEY, Texas, May 15, 2024--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Board of Directors has declared a cash dividend.
Italy's Prysmian aims to reap the benefits from its purchase of Encore Wire faster than initially envisaged, the CEO of the world's biggest cable maker said on Thursday, as it predicted 2024 results at the upper end of its estimates. Milan-based Prysmian last month announced the $4.2 billion acquisition of Encore Wire to expand in its North American profit powerhouse. Chief Executive Massimo Battaini told analysts the process was going well and no major issues were expected.