secwatch.observer — SEC 8-K summary
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Issuer:     MUELLER INDUSTRIES INC (MLI)
CIK:        0000089439
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001193125-24-107191
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Industries acquires Nehring Electrical Works for ~$575M cash plus $25M earnout
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- Purchase price ~$575M cash, subject to customary adjustments, plus $25M earnout.
- Nehring had ~$400M net sales for twelve months ended Dec 31, 2023.
- Acquisition expected to close Q2 2024, conditional on regulatory approval and customary conditions.
- Deal funded with cash on hand; Mueller expects accretion to 2024 financial results.
- Nehring serves utility, telecom, electrical distribution, and OEM markets with wire and cable solutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89439/000119312524107191/0001193125-24-107191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89439/000119312524107191/d818659d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-107191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer