Nexans announced today that it has received notification from the Premerger Notification Office of the US Federal Trade Commission of early termination of the Hart-Scott-Rodino waiting period for its proposed acquisition of Republic Wire Inc. Early termination permits Nexans to proceed with the proposed acquisition of 100% of the share capital of Republic Wire Inc.
The receipt of antitrust clearance represents a key milestone toward closing this highly strategic acquisition. Bringing Republic Wire Inc. into the Nexans Group will substantially accelerate our expansion in the United States and create significant long-term value for our shareholders and stakeholders alike.
Julien Hueber
Chief Executive Officer, Nexans