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Prysmian, Draka Discuss Merger
Jun 2009
Prysmian, a company that deals in high-technology cables and systems based in Milan, Italy, has entered into preliminary discussions with cable solutions company, Draka, about possibly combining the two companies, which will be implemented through a share for share cross-border statutory merger with Prysmian as the surviving entity. According to the companies, the discussions are at a preliminary phase and any proposed transaction will be submitted to the respective boards for approval only if, and when, the main elements of the combination will be sufficiently defined. Any proposed transaction would be subject to several conditions, including shareholders’ approval, financing and employee consultation procedures. Because of this, there is no assurance at this stage that a transaction of any kind will take place.

The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
cable solutionscross-border statutory mergerDrakaEmploymentHigh-technology cablesmergerNews BriefsphotonicsPhotonics Tech BriefsPrysmian

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