Nexans SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Nexans SA Announces Acquisition of AmerCable Holdings Inc. for USD 275 Million
Nexans SA announced that it has agreed to acquire AmerCable Holdings Inc. (AmerCable), a producer of primarily Mining, Marine Oil & Gas and other industrial cables, including Renewable Energy, in North America for USD 275 million (EUR 211 million). The consideration which will be payable in cash on completion and funded from existing available cash, represents a multiple of adjusted EBITDA (before copper effects and Quintana Energy Partners’ management fees). AmerCable's business complements Nexans' existing operations in resource cables, providing a new strategic and operational platform in North America. The consideration is subject to customary post-closing adjustments to net indebtedness and working capital levels at closing. Closing is expected to take place on February 29, 2012.
Latest Developments for Nexans SA
- Standard & Poor's Maintains Nexans SA's 'BB' Rating; Outlook Negative-DJ
- Nexans SA to Cut 468 Jobs-Reuters
- Nexans SA Launches EUR 284 million Rights Offering
- Nexans SA Comments on FY 2013 EBITDA and Operating Margin Guidance; Issues H2 2013 Net Result Guidance; Announces Restructuring Plan and Job Cuts
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