Nexans Pulled From Both Long And Short Hedge Fund Positions

Nexans SA (OTCMKTS:NXPRF) (EPA:NEX), a French cable company which provides services to several industries, is a unique small cap that seems to have grabbed the interest of several big name hedge funds, in both  a good and bad way. Over the past five years, Nexans has lost almost 50% of its public value and is currently valued at 2.5 billion euros. The company may seem small when only its market cap is considered, but Nexans SA (OTCMKTS:NXPRF) (EPA:NEX) is actually the largest cable and wire maker globally. Nexans SA (OTCMKTS:NXPRF) (EPA:NEX) very recently got into an agreement to buy the cable arm of Madeco, a Chilean company, for $822 million.

Madeco is one...

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