Southwire To Acquire Coleman Cable

Southwire To Acquire Coleman Cable

In a blockbuster move in wire and cable, privately held wire giant Southwire, Carrollton, Ga., announced that it will acquire publicly traded Coleman Cable, Waukegan, Ill., and a deal valued at approximately $786 million. Under the companies' definitive merger agreement, Southwire will acquire Coleman for $26.25 per share in cash, including the assumption of $294 million in net debt. Coleman's board unanimously approved the deal, which the companies expect to close in the the first qu

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