Prysmian S.p.A. (BIT:PRY) entered into an agreement to acquire Encore Wire Corporation (NasdaqGS:WIRE) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Dimensional Fund Advisors LP and others for $4.7 billion on April 14, 2024. Prysmian will pay $290 per share in cash for each share of Encore Wire, plus, if applicable, an amount in cash, rounded to the nearest cent, equal to $0.0635 per share multiplied by the number of calendar days elapsed after April 14, 2025, until and excluding the Closing Date. The transaction will be financed through a mix of cash on Prysmian?s Balance Sheet $1.2 billion (?1.1 billion) and newly committed debt facilities ?3.4 billion ($3.6 billion). Under the terms of the agreement, Encore Wire may solicit alternative acquisition proposals from third parties during a 35-day ?go-shop? period following the date of execution of the merger agreement.