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Encore Wire Corporation (WIRE)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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289.80-1.43 (-0.49%)
As of 01:47PM EDT. Market open.
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Trade prices are not sourced from all markets
Previous close291.23
Open290.00
Bid208.26 x 200
Ask290.00 x 100
Day's range288.38 - 290.61
52-week range138.20 - 295.90
Volume762,268
Avg. volume224,030
Market cap4.576B
Beta (5Y monthly)1.32
PE ratio (TTM)13.41
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.08 (0.03%)
Ex-dividend date04 Apr 2024
1y target estN/A
  • Barrons.com

    Encore Wire Stock Surges on $4.2 Billion Takeover by Italy’s Prysmian

    Encore Wire stock was surging Monday after the copper and aluminum cable and wire maker announced that it has entered into an agreement to be acquired by Prysmian for about €3.9 billion, or $4.2 billion. Prysmian an Italian cable maker, will pay $290 a share in cash to buy Encore a premium of 11% to the stock’s closing price on Friday of $260.98. “This transaction maximizes value for Encore Wire shareholders and provides an attractive premium for their shares,” Encore Chief Executive Daniel Jones said in a press release.

  • Reuters

    Cable giant Prysmian to buy Encore Wire in $4.2 billion deal

    Italy's Prysmian announced a deal to buy US firm Encore Wire at an 11% premium as it doubles down on a North American market that already powers its profits.

  • Reuters

    Prysmian boosts N.America exposure with $4.2 billion Encore Wire deal

    Massimo Battaini, CEO-designate of the world's largest cablemaker, described wire and cable maker Encore as a "strong player" in the U.S., in particular in the industrial construction segment. It will pay Encore Wire shares $290 in cash each, an 11% premium to the stock's close on Friday. Battaini said the deal would allow Prysmian to become "even more relevant" in the North American market, its most profitable one, thanks to the complementary portfolios of the two firms.