Seeking Alpha

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

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.
Comments (2)
  • Sweetie isn't exactly revolving, but she is chasing her tail since she bought a few RIO shares.
    21 May 2012, 10:00 AM Reply Like
  • We continue to buy RIO and buy BGC as a binary stock to RIO.

     

    ACEMAN, Cafe Maubillon, Paris.
    24 May 2012, 03:24 PM Reply Like
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