WIRE Stock Recent News

Prysmian's stock has increased by 60% in the past year, with strong financial performance and the recently closed acquisition of Encore Wire as catalysts. Despite a decrease in revenue and profit, Prysmian's free cash flow remains strong, with a positive outlook for the future. The recent acquisition of Encore Wire will increase Prysmian's net debt but is expected to generate significant EBITDA and synergies, leading to a potential decrease in EV/EBITDA multiple by 2025.

NEW YORK , June 27, 2024 /PRNewswire/ -- Protagonist Therapeutics Inc. (NASD: PTGX) will replace Encore Wire Corp. (NASD: WIRE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 3. S&P Europe 350 constituent Prysmian SpA (MTAA: PRY) is acquiring Encore Wire in a deal expected to be completed soon pending final conditions.

Does Encore Wire (WIRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

On April 15, Encore Wire Corp. (WIRE, Financial), a small-cap copper wire and cable manufacturer, announced a merger with Prysmian SpA (MIL:PRY, Financial), a Milan, Italy-based cable manufacturer and installer traded on the Borsa Italiania exchange. Under the agreement, Encore shareholders will receive $290 per share in cash, an approximate 20% premium to the 30-day volume-weighted share price as of April 12.

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and continue to investigate Encore Wire Corporation ( Nasdaq : WIRE ), relating to its proposed sale to Prysmian. Under the terms of the agreement, WIRE shareholders are expected to receive $290.00 in cash per share they own.

NEW YORK , June 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and continue to investigate Encore Wire Corporation (Nasdaq: WIRE), relating to its proposed sale to Prysmian.

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, “This two-cent per share dividend will be paid on July 19, 2024 to stockholders of record at the close of business on July 5, 2024.” Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electr.

Encore Wire (NASDAQ: WIRE ) stock is rocketing higher on Monday following news of a major acquisition deal with Italian firm Prysmian. This deal has Prysmian agreeing to acquire Encore Wire for $4.2 billion.

Italian cable maker Prysmian will pay $290 a share in cash to buy Encore Wire.