Houston Wire & Cable Company (HWCC) Stock is Rising, Here is What You Need to Know

Houston Wire & Cable Company (HWCC) stock price increased by over 40% in the current market as Omnicable announced the acquisition of all outstanding shares of HWCC common stock at $5.30 per share. The price per share depicts a premium of 39% to HWCC’s recent closing price set at $3.80. The ‘all-cash’ transaction was approved without any opposition by HWCC board of directors.

As per the contract, each HWCC shareholder will receive $5.30 for every stock they own. The transaction is scheduled to be completed by May 25th ’21, upon the condition that HWCC stock will cease to be traded in any public market.

About HWCC and Omnicable

Houston Wire & Cable Company, consists of an industrial distribution network, and is a large-scale provider of wire, cables and supplying electrical distributors throughout the United States

It also provides value-added services that include shipping within 24 hours, educational inventory management programs, logistics support, and personalized online ordering as well as a 24/7/365 service.

Omni Cable, LLC (OmniCable) emphasizes upon redistribution of high-quality wire, cable, electrical products, and value-added services. It’s 24/7 emergency services, as well as research and development in stranded conductors has provided it with a distinctive competency amongst its competitors.

OmniCable is a daughter company of Dot Holdings Co which has the largest redistribution network for food in Northern America. After the completion of the acquisition, both the company’s will retain their own brands in their respective locations, however the acquisition will maximize OmniCable’s and HWCC’s ability increase net revenue due to the complementary nature of their business.


Omni Cable, LLC (OmniCable), being one of the largest distribution networks in North America, is investing heavily on acquiring leading middle-market distribution companies and consumer-oriented products. A premium of 39% on its stock price is a positive sign in terms of revenue and has been a healthy indicator for the company’s future valuation.

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