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Southwire rolls up Coleman Cable

Dec 20, 2013 - The Deal Pipeline
Mergers and Acquisitions

Shares of Coleman Cable Inc. rallied 7% following news that the telecommunications company plans to be acquired by wire and cable provider Southwire Co. through a two-step merger valued at $786 million.

Southwire, of Carrollton, Ga., said on Friday, Dec. 20 that it would commence a tender offer of $26.25 a share for Coleman's outstanding common stock by Jan. 6, 2014. All outstanding shares not tendered will be acquired through a second-step merger at the same price following the closing of...