Superior Essex talks with LS Cable on buyout offer

Wire and cable maker Superior Essex Inc. said Tuesday it is talking with LS Cable Ltd. about a $45-per-share buyout proposal. Seoul, South Korea-based LS Cable initially approached Superior Essex (nasdaq: SPSX – news – people ) with a $36-per-share proposal on March 24, 2008, Superior Essex said. LS Cable says its $45 per share offer is its final proposal, Superior Essex said.

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This entry was posted on Wednesday, June 11th, 2008 at 1:16 pm and is filed under Cable & Wire News, Cable Manufacturers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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