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Prospect News home > News index > List of issuers G > Headlines for General Cable Corp. > News item |
S&P: General Cable unchanged
Standard & Poor's said that General Cable Corp. (BB-/stable) announced the acquisition of Norddeutsche Seekabelwerke GmbH & Co. KG from Corning Inc.
The agency noted that Norddeutsche had revenues of $120 million in 2006 and funding terms were not disclosed.
S&P said that the acquisition was within General Cable's financial capacity at the current ratings level.
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