Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal
Benzinga
APRIL 15, 2024
The transaction price represents a premium of around 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024, and about 29% to the 90-day VWAP as of the same date. Encore’s implied Enterprise Value (EV) of around €3.9 EV/2023A EBITDA and 6.3x billion represents a multiple of 8.2x
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