, Columnist
Italians Bet Billions on America's Thirst for Cable
Prysmian's whopping premium for General Cable makes some sense in the age of renewables and Netflix.
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If humanity is to avoid environmental catastrophe this century, we're going to have to cut carbon dioxide emissions in a big way. Yet the renewable energy revolution will only be successful if we can connect wind farms and solar panels to where electricity is consumed.
Essential matters like these help explain why Italy's Prysmian SpA has agreed to pay a whopping 80 per cent premium to the undisturbed price for U.S. peer General Cable Corp.