General Cable (BGC) Agrees to Sell Asia Pacific in $205M Deal
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General Cable Announces Agreement to Sell Its Asia Pacific Operations
June 25, 2015 4:20 PM EDTHIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)-- General Cable Corporation (NYSE: BGC) today announced it has reached a definitive agreement to sell its Asia Pacific operations to MM Logistics Co., Ltd. for cash consideration of approximately $205 million which includes preliminary estimated net cash of $30 million available at the closing of the purchased businesses, subject to customary working capital adjustments at the respective closing dates. The Companys Asia Pacific operations consist of businesses in Thailand, China, New Zealand and Australia. The Company expects to close the sale of the operations in the third quarter, subject to... More
