Carlisle Companies Wants to Buy Draka Fileca

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PRYSMIAN RECEIVES BINDING OFFER FROM CARLISLE COMPANIES INCORPORATED FOR THE ACQUISITION OF THE BUSINESS OF DRAKA FILECA SAS

Prysmian Group (BIT: PRY) announces that it has received a binding offer from Carlisle Companies Incorporated (NYSE: CSL) for the acquisition by Carlisle (directly or through a subsidiary) of the business of Draka Fileca SAS (Fileca) in a transaction valued at €73 million. The transaction is subject to the consultation with Fileca’s French employee representative bodies and regulatory approvals. Fileca was acquired by Prysmian in 2011 as part of the Draka acquisition and is a global supplier of highly-engineered cables for the aerospace and space end markets. The business is headquartered in Sainte-Geneviève,... ... More: Official Press Release Prysmian

Keywords:

Prysmian, offer, acquisition, Draka Fileca, Carlisle Companies, cables, aerospace, space end markets