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Stock Market & Financial Investment News

News Breaks
April 1, 2014
07:21 EDTBGCGeneral Cable downgraded to Neutral from Buy at DA Davidson
DA Davidson downgraded General Cable citing reduced Q1 guidance. Price target cut to $28 from $34.
News For BGC From The Last 14 Days
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June 25, 2015
16:22 EDTBGCGeneral Cable to sell Asia Pacific operations to MM Logistics
General Cable announced it has reached a definitive agreement to sell its Asia Pacific operations to MM Logistics for cash consideration of approximately $205M which includes preliminary estimated net cash of $30M available at the closing of the purchased businesses. The Asia Pacific operations consist of businesses in Thailand, China, New Zealand and Australia. The company expects to close the sale in Q3. Proceeds are expected to be used to reduce outstanding borrowings and pay related fees and expenses. "We remain focused on the divestiture process for our businesses in Africa which are advancing according to plan," said General Cable.

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