April 15 (Reuters) - Prysmian - Prysmian Spa: To Acquire Encore Wire For $290.00 Per Share In Cash:

* ITALY'S PRYSMIAN - TRANSACTION, ENCORE WIRE'S IMPLIED ENTERPRISE VALUE IS APPROXIMATELY EUR 3.9 BILLION1

* AT TERMS OF TRANSACTION, ENCORE WIRE'S IMPLIED ENTERPRISE VALUE IS APPROXIMATELY EUR 3.9 BILLION

* PRYSMIAN EXPECTS TO GENERATE RUN-RATE PRE-TAX SYNERGIES OF APPROXIMATELY EUR 140 MILLION WITHIN 4 YEARS FROM CLOSING

* TRANSACTION GROWS PRYSMIAN’S NORTH AMERICA EXPOSURE, ENHANCING GEOGRAPHICAL AND BUSINESS PORTFOLIO

* DEAL WILL GENERATE ABOUT EUR 140M IN RUN-RATE EBITDA SYNERGIES EXPECTED WITHIN 4 YEARS FROM CLOSING

* ITALY'S PRYSMIAN - EXPECTS TO GENERATE RUN-RATE PRE-TAX SYNERGIES OF APPROXIMATELY EUR 140 MILLION WITHIN 4 YEARS FROM CLOSING

* ITALY'S PRYSMIAN -TRANSACTION WILL BE FINANCED THROUGH MIX OF CASH ON PRYSMIAN’S BALANCE SHEET (€1.1 BILLION) AND NEWLY COMMITTED DEBT FACILITIES (€3.4 BILLION).

* PRO-FORMA NET DEBT FOR COMBINED GROUP OF APPROXIMATELY EUR 5.1 BILLION, REPRESENTING A 2.4X 2023 ND/ADJUSTED. EBITDA RATIO

* PRYSMIAN TO ACQUIRE ENCORE WIRE FOR $290.00 PER SHARE IN CASH Source text for Eikon: Further company coverage: