In spite of a consolidation spree in the $3.5 billion U.S. wire and cable industry over the past few years, it does not look like $740 million Encore Wire Corp. will be getting involved any time soon. Although on March 17, William Lyons, an analyst with Westminster Securities, affirmed his “strong buy” rating, M&A was not on his list of reasons. Other sources also say that the company is not looking to sell and would not make a likely acquiror either.
To read the entire story, you must be logged in.
Please log in now or register with us.
