Prysmian Acquires Channell Commercial Corporation For $950 Mln

Reuters

03-26

March 25 (Reuters) - Prysmian SpA ::
*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;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 25-MAR-202517:00:36 GMT

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+48 58 769 66 00;))<br/><br/>  ((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))<br/>  Source Date/Time = 25-MAR-202517:00:36 GMT</pry.mi></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250325:nRSD8J59tb:1","article_id":"2522888599","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522888599","pubTimestamp":1742922770,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"March 25 (Reuters) - Prysmian SpA ::*AGREES TO ACQUIRE CHANNELL COMMERCIAL CORPORATION, CONNECTIVITY SOLUTIONS PROVIDER IN U.S.*DEAL FOR $950 MILLION*POTENTIAL ADDITIONAL POST-CLOSING PAYMENT OF UP TO","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"普睿司曼9.5亿美元收购Channell Commercial Corporation","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TEL":0.9},"content_text":"March 25 (Reuters) - Prysmian SpA ::*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; 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