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Prysmian, the Italian cable and wire manufacturer, is in advanced talks to acquire U.S. electrical products company Atkore in an all-cash deal, Bloomberg reported on Sunday.

Prysmian signed a long-term agreement worth up to €5.5 billion ($6.3 billion) with Molex, a subsidiary of privately held Koch Inc., for the supply of optical cables used inside data centers, the Italian cable maker announced on Monday.