Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash By Investing.com

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 (NASDAQ:) 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…