Prysmian Acquires Channell Commercial Corporation For $950 Mln
ReutersMar 25, 2025 5:00 PM
March 25 (Reuters) - Prysmian SpA PRY.MI:
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
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