Avenue Investment Management Expresses Concern Over Proposed Merger Between Encore Wire and Prysmian [Yahoo! Finance]
Encore Wire Corporation (WIRE)
Last encore wire corporation earnings: 4/28 05:05 pm
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US:NASDAQ Investor Relations:
encorewire.com/investors
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Source: Yahoo! Finance
expressed its reservations regarding the proposed merger between Encore Wire and Prysmian (BIT: PRY), announced on April 15th, 2024 In a shareholder correspondence addressed to Mr. Jones, CEO of Encore Wire, Bryden Teich , Chief Investment Officer at Avenue Investment Management, emphasized the firm's admiration for Encore Wire's management and its sustained performance over the years. Teich underscored Encore Wire's strategic positioning amidst multiple secular trends, including electrification, renewable energy transition, data center investments, and the onshoring of critical industrial capacity throughout America. Avenue Investment Management, acting on behalf of its partners and clients who are shareholders of Encore Wire, voiced strong dissent against the proposed merger with Prysmian at a price of per share. The firm believes that this valuation significantly undervalues Encore Wire's long-term potential and would disadvantage long-term investors. Teich highlighted Encore
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WIRE
News
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AGBAGlobeNewswire
- Encore Wire Co. (NASDAQ: WIRE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Encore Wire Reports First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Encore Wire Reports First Quarter ResultsBusiness Wire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, RXMD, HRTAccesswire
WIRE
Earnings
- 4/23/24 - Beat
WIRE
Sec Filings
- 4/25/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form DEFA14A
- WIRE's page on the SEC website