In a transaction that would combine the national resources of two of the industry's largest master distributors of wire and cable, OmniCable, West Chester, PA, announced plans to buy Houston Wire & Cable Co. (HWCC), Houston. According to the press release, OmniCable will acquire all outstanding shares of HWCC common stock for $5.30 per share in an all-cash transaction valued at $91 million. The price represents a premium of +39% to HWCC's unaffected closing price of $3.80 on March 24, 2021, and an +89% premium to the $2.81 average closing price for the preceding 12-month period. "The combined company results in a national wire and cable redistribution company that will maximize OmniCable's and HWCC's complementary businesses, products and national footprint to better meet the needs of both companies' customers," the press release said. "The combined company also will continue HWCC's fastener redistribution business (Vertex).