Energy News / Shareholders Foundation, Inc.

NYSE:BGC Investor Alert: Investigation of Acquisition of General Cable by Prysmian Group

Via: ReleaseWire

Updated 11:30 AM CST, Thu, December 14,2017

An investigation on behalf of investors of General Cable Corporation (NYSE:BGC) in connection with the proposed takeover was announced and NYSE:BGC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 12/14/2017 -- The Acquisition of General Cable Corporation is under investigation over possible wrongdoing. The investigation was announced for investors, who currently hold shares of General Cable Corporation (NYSE:BGC), concerning whether the takeover of General Cable Corporation by Prysmian Group is unfair.

Investors who purchased shares of General Cable Corporation (NYSE:BGC) and currently hold any of those NYSE:BGC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of General Cable Corporation breached their fiduciary duties owed to NYSE:BGC investors in connection with the proposed acquisition.

On December 4, 2017, Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE:BGC) announced that they have entered into a merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash.

However, the investigation concerns whether the offer is unfair to General Cable Corporation (NYSE:BGC stockholders. More specifically, the investigation concerns whether the General Cable Corporation (NYSE:BGC Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of General Cable Corporation (NYSE:BGC) closed on December 12, 2017 at $29.80 per share.

Those who are current investors in General Cable Corporation (NYSE:BGC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysebgc-investor-alert-investigation-of-acquisition-of-general-cable-by-prysmian-group-904334.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com