Prysmian

Xinmao made its offer on Nov. 22, the same day as Prysmian.

Chinese Bid Shows Rising EU Tensions John W. Miller 2011

In a statement released Thursday, Xinmao said its decision was prompted by problems getting approval from the Chinese government, and by an endorsement Thursday of the Prysmian bid by Draka's main shareholder.

Chinese Bid Shows Rising EU Tensions John W. Miller 2011

Prysmian had been in merger talks with Draka last year, but talks collapsed due to disagreements over terms and conditions.

Nexans to Bid for Draka Inti Landauro 2010

Prysmian took advantage of the increased caution toward Chinese investment.

Chinese Bid Shows Rising EU Tensions John W. Miller 2011

*** Manufacturing Italian cable maker Prysmian neared victory in a two-month old takeover battle for Dutch peer Draka after a Chinese rival said it wouldn't make an offer for Draka.

Business Watch 2011

Bloomberg News The withdrawal of Xinmao's offer clears the way for Prysmian to buy Draka.

Chinese Bid Shows Rising EU Tensions John W. Miller 2011

*** Manufacturing Delta Lloyd Asset Management, a shareholder in takeover target Draka Holding, will wait as long as possible to tender its shares to acquirer Prysmian, saying that it doesn't completely rule out a surprise counterbid for the Dutch cablemaker.

Business Watch 2011

Speculation that Flint had already spoken to Nexans and to the Italian company Prysmian SpA about buying the stake helped drive Draka 's shares higher.

Nexans to Bid for Draka Inti Landauro 2010

The deal would make Prysmian the world's largest maker of industrial cables.

Business Watch 2011

*** Manufacturing The takeover battle for Draka Holding took an unexpected twist when China ' s Tianjin Xinmao S & T Investment topped an offer by Italy ' s Prysmian by almost 20% just as the Dutch cable maker and Prysmian were holding a conference call to announce an agreed-upon deal.

Business Watch 2010