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Prysmian Shares Rise on CEO's €4 Billion M&A Comments

Italian cable maker Prysmian is scouting the market for a potential acquisition, Chief Executive Officer Massimo Battaini told Bloomberg TV on Tuesday. Potential targets could be similar in size to Encore Wire - acquired in 2024 - with an enterprise value of around €4 billion ($4.68 billion). Battaini spoke on "The Pulse with Francine Lacqua" on Bloomberg TV. (Source: Bloomberg)