General Cable (BGC) agrees to acquire Alcan Cable, the wire and cable business of Rio Tinto...

|About: General Cable Corporation (BGC)|By:, SA News Editor

General Cable (BGC) agrees to acquire Alcan Cable, the wire and cable business of Rio Tinto (RIO), for $185M in cash. BGC says it expects to use its revolving credit facility to principally fund the transaction. BGC +0.7%, RIO +1.9% premarket.