HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--May 31, 2016--
General Cable Corporation (NYSE: BGC) today announced that it has
completed the sale of its North American automotive ignition wire
business to Standard Motor Products, Inc. (NYSE: SMP) for cash
consideration of approximately $71 million, subject to customary
post-closing adjustments. Proceeds will be used to reduce outstanding
borrowings.
General Cable (NYSE:BGC), a Fortune 500 Company, 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 and communications markets. For more information about
General Cable visit our Website at www.generalcable.com.

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Source: General Cable Corporation
General Cable Corporation
Len Texter, Senior Vice President
Global
Finance & Investor Relations
859-572-8684