|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||185.00 - 189.70|
|52 Week Range||162.90 - 295.60|
|PE Ratio (TTM)||4.76|
|Earnings Date||Aug 15, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||214.00|
"Nilfisk's strategy continues to be to simplify its business and to grow organically and through M&A," the Danish company, which was spun off from cable maker NKT, said in a statement. Nilfisk shares were up 4.2 percent at 332.30 Danish crowns as of 1524 GMT.
Danish cleaning equipment company Nilfisk said it was aware of activist hedge fund Primestone Capital's push for it to consider a merger with U.S. peer Tennant and added that it was open to growing via mergers. "Nilfisk's strategy continues to be to simplify its business and to grow organically and through M&A," the Danish company, which was spun off from cable maker NKT, said in a statement. Nilfisk shares were up 4.2 percent at 332.30 Danish crowns as of 1524 GMT.
COPENHAGEN/LONDON, Dec 13 (Reuters) - Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority stakes in both firms. "Primestone Capital owns more than 5 percent of both Tennant and Nilfisk and believes a combination of the two will generate extraordinary returns for shareholders," the London-based activist firm said in a filing with the U.S. Securities and Exchange Commission. Tennant confirmed Primestone's stake in the company and said its board would carefully evaluate the activist firm's views.
Italian cable maker Prysmian is looking at three more M&A targets, its CEO Valerio Battista said on Tuesday, the day after announcing a $3 billion (£2.23 billion)deal to buy U.S. rival General Cable. The targets are mid-sized groups, one based in Asia, one in North America and one with a worldwide presence, Battista said, adding that a deal could be completed in the coming months. "We have sown a lot of seeds and the acquisition of General Cable marks the completion of this process, which has also created other buds that could flourish in the coming months," Battista told a news conference at its Milan headquarters.
Italian cable maker Prysmian (PRY.MI) has agreed to buy General Cable (BGC.N) for $30 a share in an all-cash deal that values its Kentucky-based rival at about $3 billion (2.22 billion pounds), including debt and other liabilities. The purchase price represents a premium of 38 percent to General Cable's closing price on Friday of $21.80 and more than 80 percent higher than its price last July, when it started a strategic review to identify a possible merger partner to boost growth and maximize shareholder value. "Through the combination of two of the premier companies in the cable industry we will be enhancing our position in the sector by increasing our presence in North America and expanding our footprint in Europe and South America," Prysmian Chief Executive Valerio Battista said in a statement.
LONDON/MILAN (Reuters) - European cable firm Prysmian is finalising an all-cash binding bid for General Cable which could be worth more than $1.1 billion (£0.81 billion), sources familiar with the matter said. The Milan-based firm is hoping to beat rival bidders and enter exclusive talks to buy Kentucky-based General Cable by mid December, the sources told Reuters. Prysmian is widely seen as a frontrunner, ahead of France's Nexans, Denmark's NKT and potential Chinese bidders, with binding bids due in the coming days, the sources added.
U.S. cable manufacturer General Cable Corp (BGC.N) has received tentative bids from European rivals Prysmian (PRY.MI), Nexans (NEXS.PA) and NKT (NKT.CO), two sources familiar with the matter told Reuters, as part of its efforts to find a new owner. The three European cable firms are vying with a handful of U.S. rivals, one of the sources said, adding first-round bids came in earlier this week. Kentucky-based General Cable has a market value of almost $1 billion and specialises in aluminium, copper and fibre optic wire and cable products.