Prysmian would need investor cash to up Draka bid

Newswire

* Higher bid could still generate large Prysmian savings * Synergies seen 50 pct higher than group estimate -analyst *EV/EBITDA multiples could justify higher price -analysts By Nigel Tutt MILAN, Nov 24 (Reuters) - Italy's Prysmian could muster a higher offer to trump rival bidder Xinmao in the race to grab Dutch cable maker Draka and still make large savings. But analysts said on Wednesday it would need to tap investors if it is to raise its cash and share offer. China's Xinmao ...

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