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December 3, 2012
16:20 EDTBGCGeneral Cable sees Alcan Cable will contribute about $650M-$700M in revenues
The company estimates that the overall Alcan Cable business will contribute approximately $650M-$700M in annual revenues at current aluminum prices, and over a cycle, the operating margin profile is expected to be consistent with the company's existing businesses as manufacturing, logistics, and purchasing synergies are realized. The company expects Alcan Cable North America to contribute meaningfully in Q4 while Alcan Cable China's contribution is expected to be de minimis to Q4 results as step-up purchase accounting adjustments offset the base earnings in the business in China.
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August 31, 2015
16:24 EDTBGCGeneral Cable completes sale of Thailand operations
General Cable announced it has completed the sale of its Thailand operations to MM Logistics Co. Ltd. for cash consideration of approximately $88M. The closing of the sale of the Thailand operations is the first of a two-step closing process. The company expects the second closing to complete the sale of the remaining Asia Pacific operations including China, New Zealand and Australia to occur at the end of September, subject to customary closing conditions. Upon completion, the company expects to generate approximately $205M of cash proceeds from the sale of Thailand, China, New Zealand and Australia. Proceeds will be used to reduce outstanding borrowings and pay related fees and expenses.
16:09 EDTBGCLongbow to hold a conference
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