Encore Wire Corp. (WIRE) shares are surging more than 11 percent on Monday morning trade after on announcement of an agreement to be acquired by the Italian cablemaker Prysmian for around $4.2 billion.
The deal is expected to maximise value for Encore Wire shareholders.
Currently Encore Wire shares are at $11.77 percent from the previous close of $260.98 on a volume of 1,458,684.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.