EW January 2011

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EuroWire – January 2011 20
corporate news
Nexans has obtained the commitment
of Flint Beheer BV, subject to certain
conditions, to tender its shares of Draka
Holding NV if Nexans makes an offer to
acquire Draka Holding NV.
Nexans has agreed to make a proposal
to Draka Holding NV to negotiate an
agreement for a recommended cash
offer to purchase all of the outstanding
ordinary shares of Draka Holding NV at a
price of €15 per share, subject to certain
conditions.
Frédéric Vincent, chief executive officer
of Nexans, said: “The contemplated
transaction would contribute to the
consolidation of the cable sector, improve
the competitiveness of Nexans’ European
asset base and reinforce its positions in
specialty cables.”
Nexans intends to begin negotiations with
Draka Holding NV with a view to reaching
an agreement as soon as possible.
However, asset manager Ed Manie at
Keijser Capital said that Nexans’ offer for
Draka Holding NV could prove to be a
hostile opening bid that could trigger a
bidding war between Nexans and Italian
rival Prysmian.
While Draka’s big shareholder Flint Beheer,
which owns 48.48% of the company’s
shares, has backed Nexans’ offer, Manie
believes that the remaining shareholders
will await to see the further developments
around the proposed acquisition.
Draka and Prysmian cancelled last year’s
merger talks as they could not agree on
the major conditions of the deal.
Nexans – France
Fax: +33 15669 8484
Email:
Website:
Draka Holding NV – The Netherlands
Website:
Nexans in discussions
with Draka Holding NV
The Wire Association International (WAI)
has announced its first Global Continuous
Casting Forum for copper practitioners,
to take place at Interwire, Atlanta, from
2nd-5th May.
A total of 33 industry experts will lead the
forum, which will comprise technical and
operational presentations, interactive
workshops and panel discussions, and will
serve as a user’s group for all operations
personnel involved with copper
continuous casting.
Forum topics will include:
• Historical information on copper,
continuous casting, wiredrawing and the
vertical shaft furnace
• Process overviews by Properzi, SCR,
Contirod, and Upcast OY
• New technologies: descaling; degassing;
rod testing; scrap processing
• New refractory materials and installation
practices
• Baghouses: design; fires investigation
• Filtration: molten metal; caster and
process water
• Shaft furnace burner combustion ratios
and dissolved oxygen
• Cathode impurities and rod quality
• Wire break analysis and copper fines
generation
• Preventive maintenance: electronic
drives; hardware and software solutions
Registration is $395 for WAI members;
$495 for non-members. The fee includes
access to Interwire 2011 exhibits,
technical programme and the opening
reception.
Wire Association International Inc –
USA
Fax: +1 203 453 8384
Website:
First continuous casting forum
Alcan Cable, a business of Rio Tinto, has
obtained the ISO 9000 international
quality management system standard
certification for its manufacturing facility
in Tianjin, China.
The ISO 9000 quality management system
places primary emphasis on prevention,
process control, and implementation
of procedural management in every
quality activity. “Achieving the ISO 9000
certification at our Tianjin manufacturing
facility represents an important milestone
in solidifying our market position in
China,” said Jack Miller, president, Alcan
Cable.
Alcan Cable – USA
Email:
Website:
Alcan Cable achieves ISO 9000