---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-095443"
form_type: "8-K"
ticker: null
cik: "0000850460"
company_name: "ENCORE WIRE CORP"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:12:58.777727+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Encore Wire to be acquired by Prysmian for $290/share cash (~€3.9B EV)

## Summary
- Price of $290.00/share in cash; additional $0.0635/share per day after Apr 14, 2025 if closing delayed.
- Premium of ~20% to 30-day VWAP and ~29% to 90-day VWAP as of Apr 12, 2024.
- Implied EV of ~€3.9B; multiples of 8.2x 2023A EBITDA and 6.3x including run-rate synergies.
- Go-shop period ends May 19, 2024; termination fees of $146.54M (Encore) and $180M (Prysmian reverse).
- Closing expected by Apr 14, 2025, subject to shareholder vote, HSR clearance, and other conditions.

## SEC filing metadata
- accession: 0001193125-24-095443
- form_type: 8-K
- cik: 0000850460
- company_name: ENCORE WIRE CORP
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850460/000119312524095443/0001193125-24-095443-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850460/000119312524095443/d809980d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-095443
- JSON: https://secwatch.observer/filing/0001193125-24-095443.json
- Plain text: https://secwatch.observer/filing/0001193125-24-095443.txt

## Key facts
- Material Agreements
  ENCORE WIRE CORP entered into Agreement and Plan of Merger with Prysmian S.p.A., Applause Merger Sub Inc., and Prysmian Cables and Systems USA, LLC valued at $290.00 per share in cash (effective 2024-04-14).
  - Action: entry
  - Agreement: merger
  - Counterparty: Prysmian S.p.A., Applause Merger Sub Inc., and Prysmian Cables and Systems USA, LLC
  - Value: $290.00 per share in cash
  - Effective: 2024-04-14
  source text: On April 14, 2024, Encore Wire Corporation, a Delaware corporation (“ Encore ” or the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Prysmian S.p.A., a company organized under the laws of the Republic of Italy (“ Parent ”), Applause Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”), and solely as provided in Section 9.12 therein, Prysmian Cables and Systems USA, LLC, a Delaware limited liability company (“ Guarantor ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/850460/000119312524095443/0001193125-24-095443-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.