The Texas Lawbook: Prysmian Picks up Encore Wire for US$4.1B
April 16, 2024
O’Melveny advised Encore Wire on its definitive merger agreement to be acquired by Prysmian for US$290.00 per share in cash. The transaction was announced on April 15 and is expected to close in the second half of 2024, subject to customary closing conditions. At the terms of the transaction, Encore Wire’s implied Enterprise Value is approximately €3.9 billion. The O’Melveny team was led by partner Andor Terner and included partner Will Becker and associates Eleanor Gilbert and Sean Horan.
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