-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TsLvGYlBgayRv+gA+tSpQ553L7prUAO/OARrqtaalYSrdzw2aoK2fvyH6NiKhbOm CC96O1H0WSNP9g+A43DxzA== 0000950152-05-008960.txt : 20051109 0000950152-05-008960.hdr.sgml : 20051109 20051109084931 ACCESSION NUMBER: 0000950152-05-008960 CONFORMED SUBMISSION TYPE: SC TO-I PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20051109 DATE AS OF CHANGE: 20051109 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL CABLE CORP /DE/ CENTRAL INDEX KEY: 0000886035 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 061398235 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I SEC ACT: 1934 Act SEC FILE NUMBER: 005-42442 FILM NUMBER: 051187932 BUSINESS ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 BUSINESS PHONE: 6065728000 MAIL ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL CABLE CORP /DE/ CENTRAL INDEX KEY: 0000886035 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 061398235 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I BUSINESS ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 BUSINESS PHONE: 6065728000 MAIL ADDRESS: STREET 1: 4 TESSENEER DRIVE CITY: HIGHLAND HEIGHTS STATE: KY ZIP: 41076 SC TO-I 1 l16834asctovi.htm GENERAL CABLE CORPORATION FORM SC TO-I General Cable Corporation Form SC TO-I
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Schedule TO
(Rule 14d-100)
Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of
the Securities Exchange Act of 1934
 
General Cable Corporation
(Name of Subject Company (Issuer) and Filing Person (Offeror))
 
5.75% Series A Redeemable Convertible Preferred Stock, $50.00 Liquidation Preference Per Share
(Title of Class of Securities)
369300207, 369300306
(CUSIP Number of Class of Securities)
Robert J. Siverd
Executive Vice President, General Counsel and Secretary
General Cable Corporation
4 Tesseneer Drive
Highland Heights, Kentucky 41076
(859) 572-8000
(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)
 
With Copies to:
     
Alan H. Lieblich, Esquire   Robert Evans III, Esquire
Jeffrey M. Taylor, Esquire   Shearman & Sterling LLP
Blank Rome LLP   599 Lexington Avenue
One Logan Square   New York, New York 10022-6069
Philadelphia, Pennsylvania 19103-6998   (212) 848-4000
(215) 569-5500    
 
CALCULATION OF FILING FEE
       
       
       
Transaction Valuation (1)     Amount of Filing Fee (2)
       
$188,361,537
    $22,170.15
       
(1)  For purposes of calculating the filing fee pursuant to Section 13(e)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 0-11(b)(2) promulgated thereunder, the Transaction Valuation was calculated on the basis of the product of (a) 2,069,907 shares of the Registrant’s 5.75% Series A Redeemable Convertible Preferred Stock (“Preferred Stock”) proposed to be acquired by the Registrant and (b) $91.00, which is the average of the bid and asked price of the Preferred Stock on the over-the-counter market as of November 4, 2005.
 
(2)  The filing fee, calculated in accordance with Section 13(e)(3) of the Exchange Act is equal to $117.70 for each $1,000,000 of the aggregate Transaction Value, and, as set forth below, has been offset as provided in Rule 0-11(a)(2) by $20,215.04, representing the registration fees paid under Section 6(b) of the Securities Act of 1933, as amended, with respect to this transaction.
þ Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
     
Amount Previously Paid: $20,215.04
  Filing Party: General Cable Corporation
Form or Registration No.: Form S-4 (File No. 333-129577)
  Date Filed: November 9, 2005
o Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
o Third-party tender offer subject to Rule 14d-1.
 
þ Issuer tender offer subject to Rule 13e-4.
 
o Going-private transaction subject to Rule 13e-3.
o     Amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer:     o
 
 


 

          This Issuer Tender Offer Statement on Schedule TO (the “Schedule TO”) is filed by General Cable Corporation, a Delaware corporation (the “Company”), and relates to an offer (the “Conversion Offer”) by the Company to pay a cash premium upon the conversion of any and all of the Company’s 5.75% Series A Redeemable Convertible Preferred Stock, $50.00 liquidation preference per share (the “Preferred Stock”), into shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), upon the terms and subject to the conditions set forth in the conversion offer prospectus dated November 9, 2005 (the “Conversion Offer Prospectus”) and the related letter of transmittal. The Conversion Offer Prospectus and the related letter of transmittal form parts of the Company’s Registration Statement on Form S-4 (File No. 333-129577), as filed with the Securities and Exchange Commission (the “SEC”) on November 9, 2005 (the “Registration Statement”), relating to the shares of Common Stock to be issued to holders of Preferred Stock who validly surrender their shares of Preferred Stock for conversion in the Conversion Offer, and the Conversion Offer Prospectus and the related letter of transmittal are incorporated herein by reference to the extent provided herein.
          This Schedule TO is being filed in satisfaction of the reporting requirements of Rules 13e-4(b)(1) and (c)(2) promulgated under the Securities Exchange Act of 1934, as amended. To the extent noted, information set forth in the Registration Statement is incorporated by reference in response to Items 1 through 13 of this Schedule TO, except those items as to which information is specifically provided herein.
Item 1. Summary Term Sheet.
          Information is being disclosed to security holders through the Conversion Offer Prospectus, which is a prospectus meeting the requirements of Rule 421(d) under the Securities Act of 1933, as amended. A summary term sheet is provided on pages 5 to 7 of the Conversion Offer Prospectus.
Item 2. Subject Company Information.
          (a) Name and Address. The name of the subject company is General Cable Corporation. The address of the Company’s principal executive offices is 4 Tesseneer Drive, Highland Heights, Kentucky 41076. Its telephone number is (859) 572-8000.
          (b) Securities. The subject class of securities is the Company’s 5.75% Series A Redeemable Convertible Preferred Stock, $50.00 liquidation preference per share. As of November 4, 2005, 2,069,907 shares of Preferred Stock were outstanding.
          (c) Trading Market and Price. The information with respect to the Preferred Stock contained in the section entitled “Market for Our Common Stock and Series A Preferred Stock” in the Conversion Offer Prospectus is incorporated herein by reference in response to this item.
Item 3. Identity and Background of Filing Person.
          (a) Name and Address. The filing person is the subject company. The information set forth in response to Item 2(a) above is incorporated herein by reference in response to this item.

1


 

          The following persons are the directors, executive officers and controlling persons of the Company.
     
Name   Position
     
Gregory B. Kenny
  President, Chief Executive Officer and Director
Christopher F. Virgulak
  Executive Vice President, Chief Financial Officer and Treasurer
Robert J. Siverd
  Executive Vice President, General Counsel and Secretary
Gregory E. Lawton
  Director
Craig P. Omtvedt
  Director
Robert A. Smialek
  Director
John E. Welsh III
  Director
          The address and telephone number of each director and executive officer is: c/o General Cable Corporation, 4 Tesseneer Drive, Highland Heights, Kentucky 41076, (859) 572-8000.
Item 4. Terms of the Transaction.
          (a) Material Terms. The information contained in the Conversion Offer Prospectus in the sections entitled “The Conversion Offer,” “Comparison of Rights Between the Series A Preferred Stock and Our Common Stock” and “Material U.S. Federal Income Tax Considerations,” and in the related letter of transmittal, is incorporated herein by reference in response to this item.
          (b) Purchasers. The Company does not believe that any shares of Preferred Stock are owned by any officer, director or affiliate of the Company and therefore no securities will be purchased by the Company from any such persons in the Conversion Offer.
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
          (e) Agreements Involving the Subject Company’s Securities. The information set forth in the Conversion Offer Prospectus in the sections entitled “The Conversion Offer,” “Dealer Manager,” “Information Agent,” “Conversion Agent,” and “Interests of Directors and Officers,” and in the related letter of transmittal, is incorporated herein by reference in response to this item.
Item 6. Purposes of the Transaction and Plans or Proposals.
          (a) Purposes. The information set forth in the Conversion Offer Prospectus in the section entitled “The Conversion Offer — Purpose and Effect” is incorporated herein by reference in response to this item.
          (b) Use of Securities Acquired. Shares of Preferred Stock accepted for conversion in the Conversion Offer will be retired and cancelled.
          (c) Plans. The information set forth in the Conversion Offer Prospectus in the sections entitled Summary — Recent Developments,” “Risk Factors — Risks Related to Our Business — Our substantial debt could adversely affect our business,” “Capitalization,” and “The Conversion Offer” is incorporated herein by reference in response to this item.
Item 7. Source and Amount of Funds or Other Consideration.
          (a) Source of Funds. The information set forth in the Conversion Offer Prospectus in the sections entitled “Summary — Sources and Amount of Conversion Consideration,” “The Conversion Offer — Terms of the Conversion Offer” and “Capitalization” is incorporated herein by reference in response to this item.

2


 

          (b) Conditions. The information set forth in the Conversion Offer Prospectus in the sections entitled “The Conversion Offer — Terms of the Conversion Offer” and “The Conversion Offer — Conditions to the Conversion Offer” is incorporated herein by reference in response to this item.
          (d) Borrowed Funds. The information set forth in the Conversion Offer Prospectus in the sections entitled “The Conversion Offer — Terms of the Conversion Offer” is incorporated herein by reference in response to this item. In addition, the information set forth in the section entitled “Liquidity and Capital Resources” in Part II, Item 2 of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2005 relating to the material terms and conditions of the Company’s senior secured credit facility is incorporated herein by reference in response to this item. This senior secured credit facility is maintained pursuant to a Credit Agreement among the Company, Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent and the other lenders named in such agreement.
          Other than such repayments of principal or interest as may be required pursuant to the terms of the senior secured credit facility, the Company has no present plans or arrangements to finance or repay any amounts borrowed thereunder in connection with the Conversion Offer.
Item 8. Interest in the Securities of the Subject Company.
          The information set forth in the Conversion Offer Prospectus in the section entitled “Interests of Directors and Officers” is incorporated herein by reference in response to this item.
Item 9. Persons/ Assets, Retained, Employed, Compensated or Used.
          (a) Solicitations or Recommendations. The information set forth in the Conversion Offer Prospectus in the sections entitled “Dealer Manager,” “Information Agent” and “Conversion Agent” is incorporated herein by reference in response to this item. None of the Company, the Dealer Manager, the Conversion Agent or the Information Agent is making any recommendation as to whether holders of Preferred Stock should convert such shares in the Conversion Offer.
Item 10. Financial Statements.
          Financial information incorporated by reference in response to this Item 10 may be inspected, and copies thereof obtained, in the manner described in the sections of the Conversion Offer Prospectus entitled “Incorporation of Certain Documents by Reference” and “Where You Can Find More Information,” which sections are incorporated herein by reference in response to this item.
          (a) Financial Information.
          (1) Audited financial statements of the Company and related notes thereto for the years ended December 31, 2003 and 2004, located on pages 39 to 73 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2004, as filed with the SEC on March 30, 2005, as amended by Amendment No. 1 on Form 10-K/ A, as filed with the SEC on April 29, 2005, are incorporated herein by reference in response to this item.
          (2) Unaudited financial statements of the Company and related notes thereto for the fiscal quarter ended September 30, 2005, located on pages 3 to 30 of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2005, as filed with the SEC on November 7, 2005, are incorporated herein by reference in response to this item.
          (3) Information on the Company’s ratio of earnings to combined fixed charges and preferred dividends, contained in the sections of the Conversion Offer Prospectus entitled “Ratio of Earnings to Combined Fixed Charges and Preferred Dividends” and “Selected Historical Financial Information,” is incorporated herein by reference in response to this item.

3


 

          (4) Information on the Company’s book value per share as of September 30, 2005 is incorporated herein by reference in response to this item from the section of the Conversion Offer Prospectus entitled “Selected Historical Financial Information.”
          (b) Pro Forma Information. Pro forma financial information of the Company, located in the section of the Conversion Offer Prospectus entitled “Selected Historical Financial Information,” is incorporated by reference in response to this item.
Item 11. Additional Information.
          (a) Agreements, Regulatory Requirements and Legal Proceedings. The information set forth in the Conversion Offer Prospectus in the sections entitled “Interests of Directors and Officers” and “The Conversion Offer — Conditions to the Conversion Offer” is incorporated herein by reference in response to this item.
          (b) Other Material Information. Not applicable.
Item 12. Exhibits.
     
Exhibit    
Number   Description
     
(a)(1)(i)
  Conversion Offer Prospectus, dated November 9, 2005 (incorporated herein by reference to the Registration Statement)
(a)(1)(ii)
  Letter of Transmittal (incorporated by reference to Exhibit 99.1 to the Registration Statement)
(a)(1)(iii)
  Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference to Exhibit 99.2 to the Registration Statement)
(a)(1)(iv)
  Letter to Clients (incorporated by reference to Exhibit 99.3 to the Registration Statement)
(a)(1)(v)
  Form W-9 and Instructions thereto (incorporated by reference to Exhibit 99.4 to the Registration Statement)
(a)(1)(vi)
  Press Release, dated November 9, 2005 (filed pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 13e-4(c) under the Securities Exchange Act of 1934)
(b)(1)
  Credit Agreement by and among the Company, General Cable Industries, Inc., Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent, and the other guarantors and lenders who are signatories thereto, dated November 24, 2003 (incorporated by reference to Exhibit 10.63 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003, as filed with the SEC on March 12, 2004 (File No. 1-12983))
(b)(2)
  First Amendment, dated April 14, 2004, to the Credit Agreement by and among the Company, General Cable Industries, Inc., Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent, and the other guarantors and lenders who are signatories thereto, dated November 24, 2003 (incorporated by reference to Exhibit 10.66 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2004, as filed with the SEC on May 7, 2004 (File No. 1-12983))
(b)(3)
  Amended and Restated Credit Agreement, by and among the Company, Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent, and the other guarantors and lenders who are signatories thereto, dated October 22, 2004 (incorporated by reference to Exhibit 10.69 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2004, as filed with the SEC on November 5, 2004 (File No. 1-12983))
(d)(1)
  Dealer Manager Agreement, dated November 9, 2005, by and between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated (incorporated herein by reference to Exhibit 1.1 to the Registration Statement)
(d)(2)
  Conversion Agent Agreement, dated November 9, 2005, by and between Mellon Investor Services LLC and General Cable Corporation (incorporated by reference to Exhibit 99.5 to the Registration Statement)

4


 

     
Exhibit    
Number   Description
     
(d)(3)
  Information Agent Agreement, dated November 2, 2005, by and between D.F. King & Co., Inc. and General Cable Corporation (incorporated by reference to Exhibit 99.6 to the Registration Statement)
(h)
  Tax Opinion of Blank Rome LLP (incorporated herein by reference to Exhibit 5.1 to the Registration Statement)
Item 13. Information Required by Schedule 13E-3.
                    Not applicable.

5


 

SIGNATURES
          After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
  GENERAL CABLE CORPORATION
  By:  /s/ Robert J. Siverd
 
 
  Robert J. Siverd
  Executive Vice President, General Counsel
  and Secretary
Date: November 9, 2005

6


 

EXHIBIT INDEX
         
Exhibit    
Number   Description
     
  (a)(1)(i)     Conversion Offer Prospectus, dated November 9, 2005 (incorporated herein by reference to the Registration Statement)
  (a)(1)(ii)     Letter of Transmittal (incorporated by reference to Exhibit 99.1 to the Registration Statement)
  (a)(1)(iii)     Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference to Exhibit 99.2 to the Registration Statement)
  (a)(1)(iv)     Letter to Clients (incorporated by reference to Exhibit 99.3 to the Registration Statement)
  (a)(1)(v)     Form W-9 and Instructions thereto (incorporated by reference to Exhibit 99.4 to the Registration Statement)
  (a)(1)(vi)     Press Release, dated November 9, 2005 (filed pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 13e-4(c) under the Securities Exchange Act of 1934)
  (b)(1)     Credit Agreement by and among the Company, General Cable Industries, Inc., Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent, and the other guarantors and lenders who are signatories thereto, dated November 24, 2003 (incorporated by reference to Exhibit 10.63 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003, as filed with the SEC on March 12, 2004 (File No. 1-12983))
  (b)(2)     First Amendment, dated April 14, 2004, to the Credit Agreement by and among the Company, General Cable Industries, Inc., Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent, and the other guarantors and lenders who are signatories thereto, dated November 24, 2003 (incorporated by reference to Exhibit 10.66 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2004, as filed with the SEC on May 7, 2004 (File No. 1-12983))
  (b)(3)     Amended and Restated Credit Agreement, by and among the Company, Merrill Lynch Capital as Collateral and Syndication Agent, UBS AG as Administrative Agent, and the other guarantors and lenders who are signatories thereto, dated October 22, 2004 (incorporated by reference to Exhibit 10.69 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2004, as filed with the SEC on November 5, 2004 (File No. 1-12983))
  (d)(1)     Dealer Manager Agreement, dated November 9, 2005, by and between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated (incorporated herein by reference to Exhibit 1.1 to the Registration Statement)
  (d)(2)     Conversion Agent Agreement, dated November 9, 2005, by and between Mellon Investor Services LLC and General Cable Corporation (incorporated by reference to Exhibit 99.5 to the Registration Statement)
  (d)(3)     Information Agent Agreement, dated November 2, 2005, by and between D.F. King & Co., Inc. and General Cable Corporation (incorporated by reference to Exhibit 99.6 to the Registration Statement)
  (h)     Tax Opinion of Blank Rome LLP (incorporated herein by reference to Exhibit 5.1 to the Registration Statement)
EX-99.A.1.VI 2 l16834aexv99waw1wvi.htm EX-99(A)(1)(VI) EX-99(A)(1)(VI)
 

Exhibit (a)(1)(vi)
Filed by General Cable Corporation
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 13e-4(c) under the Securities Exchange Act of 1934
Subject Company: General Cable Corporation
Commission File No. 1-12983
General Cable Corporation
Registration Statement on Form S-4
File No. 333-129577
()
         
CONTACT:
  Michael P. Dickerson   FOR IMMEDIATE RELEASE
  Vice President of Finance and   November 9, 2005
  Investor Relations    
  (859) 572-8684    
GENERAL CABLE CORPORATION COMMENCES CONVERSION OFFER FOR
CONVERTIBLE PREFERRED SHARES
HIGHLAND HEIGHTS, KENTUCKY, November 9, 2005 — General Cable Corporation (NYSE: BGC) a leading global supplier of wire and cable products for the energy, specialty, industrial, and communications markets, announced today that it has commenced an offer (the “Offer”) to pay a cash premium to holders of its 5.75% Series A Redeemable Convertible Preferred Stock who elect to convert their Preferred Stock into shares of General Cable common stock.
General Cable is offering the following consideration for each of the 2,069,907 shares of Preferred Stock currently outstanding that is converted in the Offer:
    a cash premium of $7.88, subject to adjustment, or $16.3 million if all shares of Preferred Stock were converted; and
 
    4.998 shares of common stock of General Cable Corporation, subject to adjustment, or approximately 10,345,395 shares of common stock if all shares of Preferred Stock were converted; and
 
    accrued, unpaid and accumulated dividends on the Preferred Stock from November 24, 2005 to the date immediately preceding the settlement date of the Offer, payable in cash.
The Offer will expire at 5:00 p.m., New York City time, on December 9, 2005 unless extended or terminated. General Cable’s obligation to accept shares of Preferred Stock for conversion and pay the conversion consideration in the Offer is conditioned, among other things, on General Cable’s ability to obtain an amendment to General Cable’s senior secured facility to permit it to borrow the aggregate amount of such consideration and the other costs and expenses of the Offer.
A registration statement relating to the shares of common stock to be offered has been filed with the Securities and Exchange Commission, but has not yet become effective.
-more-

 


 

This news release is neither an offer to convert or exchange nor a solicitation of an offer to convert or exchange the securities described above. The Offer is made solely by the Conversion Offer Prospectus dated November 9, 2005 and any Prospectus supplements thereto.
The Offer is being made pursuant to a Conversion Offer Prospectus and related documents. The Company has retained Merrill Lynch & Co. as Dealer Manager for the Offer, D.F. King & Co., Inc. as information agent, and Mellon Investor Services LLC as conversion agent. If you are interested in participating in this Offer, you should review all of the terms and conditions of the Offer in the Conversion Offer Prospectus and related documents. Requests for the Conversion Offer Prospectus relating to the Offer and other documents should be directed to D.F. King & Co., Inc. at (212) 269-5550. Questions regarding the Offer should be directed to Merrill Lynch & Co. at (888) 654-8637. Questions regarding procedures to follow in the Offer should be directed to Mellon Investor Services LLC at (800) 685-4258.
General Cable (NYSE:BGC), headquartered in Highland Heights, Kentucky, is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets.
Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors include economic and political consequences resulting from the September 2001 terrorist attack and the war with Iraq, economic consequences arising from natural disasters and other similar catastrophes, such as floods, earthquakes, hurricanes and tsunamis; domestic and local country price competition, particularly in certain segments of the power cable market and other competitive pressures; general economic conditions, particularly in construction; changes in customer or distributor purchasing patterns in our business segments; the Company’s ability to increase manufacturing capacity and productivity; the financial impact of any future plant closures; the Company’s ability to successfully complete and integrate acquisitions and divestitures; the Company’s ability to negotiate extensions of labor agreements on acceptable terms; the Company’s ability to service debt requirements and maintain adequate domestic and international credit facilities and credit lines; the Company’s ability to pay dividends on its preferred stock; the impact of unexpected future judgments or settlements of claims and litigation; the Company’s ability to achieve target returns on investments in its defined benefit plans; the Company’s ability to avoid limitations on utilization of net losses for income tax purposes; the cost and availability of raw materials, including copper, aluminum and petrochemicals, generally and as a consequence of hurricanes Katrina and Rita; the Company’s ability to increase its selling prices during periods of increasing raw material costs; the impact of foreign currency fluctuations; the impact of technological changes; and other factors which are discussed in the Company’s Conversion Offer Prospectus dated November 9, 2005 and the Company’s Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2005, as well as periodic reports filed with the Commission.
###
Release No. 0488
11/09/05

 

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