Cable

Mattr (TSX: MATR) has acquired AmerCable Inc. from Nexans S.A. (ENXTPA: NEX) for US$280 million. AmerCable, a U.S.-based producer of engineered wire and cable solutions, complements Mattr’s Shawflex business and expands its U.S. footprint, particularly in medium voltage applications. The acquisition aligns with Mattr’s growth strategy, benefiting from electrification trends and infrastructure expansion. Expected to close by year-end, the deal is projected to deliver immediate earnings accretion, improve revenue stability, and enhance operational capabilities. AmerCable’s facilities in Arkansas and Texas will integrate with Mattr’s Canadian operations, creating one of North America’s leading custom-engineered cable manufacturers. [more]

This week, Altice, a U.S. cable company, proposed a hostile bid to acquire Cogeco and Cogeco Communications, offering a 36% premium for Cogeco’s shareholders and a 37% premium for Cogeco Communications’ shareholders. However, the Audet family, who owns controlling interests in the two companies, quickly rejected Altice’s offer on the same day of the proposal. [more]