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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