Prysmian Said to Consider Bidding for Rival General Cable

Prysmian SpA, the world’s largest cable maker, is evaluating a bid for General Cable Corp. to help increase its market share in North America, according to people with knowledge of the matter.

The Milan-based company has held preliminary discussions with financial advisers about the U.S. rival, said the people, asking not to be identified because the deliberations are confidential. Prysmian has yet to make an approach, no talks are underway and it may still decide not to proceed with an offer, the people said.