Media: NKT bids on US cable manufacturer

The newly listed Danish cable manufacturer is battling its biggest rivals to take over General Cable which put itself up for sale this summer.

Photo: General Cable

General Cable could be up for sale.

This July, the US cable manufacturer hired JP Morgan to review its strategy with the intention of a sale. The review has now resulted in two concrete offers, one from Danish NKT, reports Reuters citing two unnamed sources with knowledge of the process.

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