BRIEF- Prysmian Acquires Channell Commercial Corporation For $950 Mln

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March 25 (Reuters) - Prysmian SpA PRY.MI:

  • AGREES TO ACQUIRE CHANNELL COMMERCIAL CORPORATION, CONNECTIVITY SOLUTIONS PROVIDER IN U.S.

  • DEAL FOR $950 MILLION

  • POTENTIAL ADDITIONAL POST-CLOSING PAYMENT OF UP TO $200 MILLION BASED ON ACHIEVEMENT OF 2025 EBITDA TARGETS

  • TRANSACTION EXPECTED TO CLOSE IN Q2 2025

  • ACQUISITION WILL BE FUNDED BY BALANCED MIX OF DEBT, EQUITY CAPITAL MARKET INSTRUMENTS, INCLUDING HYBRID BONDS, TREASURY SHARES DISPOSAL

Further company coverage: PRY.MI


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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