|Bid||268.20 x 0|
|Ask||268.50 x 0|
|Day's Range||263.70 - 269.40|
|52 Week Range||226.29 - 286.91|
|PE Ratio (TTM)||223.75|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||273.84|
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.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- EP Investment and EP Investment II to jointly acquire Czech utility ...