Prysmian acquires rival General Cable for $3bn


The two companies said they had entered into a "definitive merger agreement" under which Prysmian would acquire General Cable for $30 a share in cash.

BGC's overall volume in the last trading session was 28,719,886 shares. Hartford Invest Mgmt Company owns 10,240 shares or 0% of their United States portfolio. The 52-Week High range of the stock is $29.75, while the 52-week low range is $14.95. The company's market cap is $1.47 Billion, and the average volume is $1.03 Million.

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More notable recent General Cable Corporation (NYSE:BGC) news were published by: which released: "General Cable Corporation (NYSE:BGC) Skyrockets Up Over 35% Pre-Market" on December 04, 2017, also with their article: "Pre-Open Movers 12/04: (BGC) (EXAC) (ZYNE) Higher; (MZOR) (FNSR) (CVS) Lower ..." published on December 04, 2017, published: "30 Stocks Moving In Monday's Pre-Market Session" on December 04, 2017.

General Cable Corporation (BGC) has a Return on Assets of -7.8 percent, Return on Investment of -1.3 percent and a Return on Equity of -126.8 percent. Hedge funds and other institutional investors own 98.38% of the company's stock. Past 5 years growth of General Cable Corp (NYSE:BGC) observed at -24.02%, looking forward for the next 5 years it has a strong prediction of 10% over growth. The third largest holder is Victory Capital Management Inc, which now holds $71.78 million worth of this stock and that ownership represents almost 4.88% of its market capitalization. For the most recent quarter, quick ratio was 1.1, current ratio was 2, LT Debt/Equity ratio was 8.62 and Total Debt/Equity ratio stands at 9.08, while Payout ratio is 0. At present, 0 analysts call it Sell, while 1 think it is Hold.

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Shares in Prysmian initially fell more than 3 percent as the hefty premium spooked investors, but quickly recovered after executive comments on promised synergies from the deal.

Extraction Oil & Gas, Inc. CL King initiated the stock with "Neutral" rating in Thursday, December 1 report. 27, 2016. The company's shares were assimilated at $13.86 per share worth to an investment of some $1,386 on account of Welsh John E Iii. Earnings surprises can have a huge impact on a company's stock price. News Corporation (NASDAQ:NWSA), at its latest closing price of $16.20, it has a price-to-book ratio of 0.86, compared to an industry average at 2.79. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued. With an institutional ownership near 91.8%, it carries an earnings per share ratio of -1.73. The average analysts gave this company a mean recommendation of 2.50. The stock is a Buy among 5 brokerage firms polled by Factset Research.

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When we look at the Analyst Recommendations of the stock, the company has 2.79 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. 0 analysts call it Underweight, while 6 think it is Overweight.