(Alliance News) - Prysmian Spa on Wednesday reported that at an extraordinary meeting of Encore Wire Corporation shareholders, shareholders holding a majority of Encore Wire's outstanding common shares voted in favor of adopting the merger agreement under which Prysmian will acquire Encore Wire for USD290.00 per share.

Prysmian currently expects the acquisition to be finalized on July 2 subject to satisfaction or waiver of the remaining conditions typical for this type of transaction, according to the note released by the company.

Prysmian trades in the green by 0.2 percent at EUR58.12 per share.

By Claudia Cavaliere, Alliance News reporter

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