Prysmian: Shareholders Accept General Cable Acquisition

General Cable’s shareholders have approved the acquisition by Prysmian.

The approval follows Prysmian’s definitive merger agreement announcement in December last year, under which Prysmian will acquire General Cable for $30.00 per share in cash.

The transaction values General Cable at approximately $3 billion, including debt and certain other General Cable liabilities.

According to Prysmian, approximately 75% of the total number of shares of common stock outstanding and entitled to vote at the General Cable’s Special Meeting and approximately 99% of the total votes cast, were in favor of the merger.

Headquartered in Kentucky (USA), General Cable is a global player in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products. The company, additionally engages in the design, integration and installation on a turn-key basis of products such as high and extra-high voltage terrestrial and submarine systems.

Subject to regulatory approvals and other customary closing conditions, the completion of the acquisition is expected to take place by the third quarter of 2018.

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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