General Cable Corp. (BGC) announced Monday morning that it agreed to be acquired by Prysmian Group, an Italian energy and telecom cable systems company, for $30.00 per share in cash.
General Cable gapped open sharply higher Monday, but was range-bound throughout the session. Shares finished with a gain of 7.65 at $29.45 on the highest volume of the year. The stock leaped to a new high for the year.
by RTT Staff Writer
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