Prysmian acquires 99.02% stake in Draka Holding - MarketLine Financial Deals

Prysmian acquires 99.02% stake in Draka Holding

Prysmian acquires 99.02% stake in Draka Holding - MarketLine Financial Deals
Prysmian acquires 99.02% stake in Draka Holding
Published Feb 22, 2011
5 pages — Published Feb 22, 2011
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...Prysmian S.p.A., an Italy-based company engaged in the development, design, manufacturing, supply, and installation of cables for the applications in the energy and telecommunication sectors, has completed the acquisition of 99.02% stake in Draka Holding N.V. Draka is a Netherlands-based company operating through its subsidiaries in the areas of designing, manufacturing, and marketing cable and cable systems. Update on February 3, 2011: Prysmian has acquired 44,064,748 shares, representing around 90.4% of Draka s issued and outstanding ordinary share capital. Prysmian will declare the offer unconditional no later than on February 8, 2011. Update on January 5, 2011: Prysmian has launched a tender offer to acquire all issued and outstanding ordinary shares of Draka at an offer price of EUR8.60 in cash plus 0.6595 newly issued Prysmian ordinary shares for each Draka ordinary share. The board of management and the supervisory board of Draka fully support and unanimously recommend the shareholders...

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MarketLine Financial Deals. "Prysmian acquires 99.02% stake in Draka Holding" Feb 22, 2011. Alacra Store. Oct 28, 2016. <>
MarketLine Financial Deals. (2011). Prysmian acquires 99.02% stake in Draka Holding Feb 22, 2011. New York, NY: Alacra Store. Retrieved Oct 28, 2016 from <>
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