Background to the Deal
Valerio Battista, Prysmian CEO
“We believe that this is the most logical and compelling combination one could envision in our
industry. The value creation opportunity is substantial and the geographic footprint and product
portfolio are highly complementary. I am very excited about the opportunity to work with Frank
Dorjee and his team. This transaction is a major step for both our companies as well as the
industry. Together we will be the leading operator in the energy and telecom cable industry.”
Frank Dorjee, Draka CEO
“We believe the Prysmian offer provides an attractive valuation and represents an unique
opportunity for Draka and its stakeholders to preserve the Company’s history, heritage and culture
while at the same time being able to participate in the sector consolidation and join forces with a
leading global cable manufacturer. With Prysmian, we are able to join a partner of choice. As both
companies have an extensive track record in integrating cable assets, the process of combining the
two businesses will be smooth.”
The consolidation of Draka started on 1 March 2011. You can read about the background to the
deal in the press releases, presentations and webcasts below.
Presentations and webcasts
Announcement
intended combination webcast – 23-11-2010
Presentation
– Transaction highlights – 23-11-2010
Press releases
Announcement
intended combination – 22-11-2010
Prysmian
launches public offer for Draka – 05-01-2011
Prysmian
declares offer Draka unconditional – 08-02-2011
Final
offer results – 99,02% shares tendered for acceptance – 23-02-2011
Completion
of the purchase of all the preference shares issued by Draka – 01-03-2011
Draka
to be delisted from Prysmian
Documents
Position
statement – 05-01-2011
Offer
memorandum – 05-01-2011
Transaction Rationale
Unique and Highly Complementary Combination
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