The Transaction represents a premium of approximately 20% to the 30-day volume Apr 15, 2024 · Prysmian SpA agreed to buy Encore Wire Corp. Prysmian si prepara a rilevare la texana Encore Wire per un controvalore di circa 3,9 miliardi di euro (4,15 miliardi di dollari). Prysmian will benefit from enhanced cross-selling Apr 15, 2024 · Encore Wire stock was surging Monday after the copper and aluminum cable and wire maker announced that it has entered into an agreement to be acquired by Prysmian for about €3. Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. wire and cable maker that sells through distribution, in a $4. 70 premarket after Italy's Prysmian MIL:PRY to buy co in all-cash deal** World's largest cablemaker will acquire WIRE in an all-cash transaction for an enterprise value of 3. The acquisition provides a strong margin of safety for Jul 3, 2024 · Prysmian has purchased all outstanding shares of Encore Wire at $290 per share in cash. July 19, 2024 Apr 15, 2024 · Prysmian - Prysmian Spa: To Acquire Encore Wire For $290. 29% rispetto alla media Jun 26, 2024 · Prysmian communicates that at a special meeting of Encore Wire Corporation’s (NASDAQ: WIRE) stockholders held earlier today, a majority of the outstanding shares of Encore Wire’s common stock were voted in favor of the adoption of the merger agreement pursuant to which Prysmian will acquire Encore Wire for $290. (NASDAQ:WIRE), a small-cap copper wire and cable manufacturer, announced a merger with Prysmian SpA , a Milan, Italy-based cable manufacturer and installer traded on the Borsa Italiania exchange. Prysmian CEO Massimo Battaini stated: “This acquisition will Apr 15, 2024 · Encore Wire’s Chairman, President and Chief Executive Officer. Jul 2, 2024 · In accordance with the terms of the merger agreement entered by the parties on 14th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire's common stock for $ 290. P. The per-share price of USD290. 1 billion euros, and newly committed debt facilities of about 3. MILAN, Italy — Prysmian today announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire for $290. In accordance with the terms of the merger agreement entered by the parties on 14th April 202. 9bn. We continue to look toward the future of our planet, at our resources, our products and our capabilities to determine how we can bring more value to you. The deal is expected to maximise value for Encore Wire shareholders. ( WIRE ), a manufacturer of electrical wire and cables, announced Monday that it has entered into a definitive merger agreement to be acquired by Italian cabling solutions provider Prysmian for $290 per share in cash. Net sales for the first quarter ended March 31, 2024 were $632. Apr 15, 2024 · Prysmian SpA agreed to buy Encore Wire Corp. 15 billion), the two companies said on Monday. firm Encore Wire for an enterprise value of about 3. Massimo Battaini, CEO-designate of the world's largest cablemaker, described wire and Jul 2, 2024 · Business Wire. In accordance with the terms of the merger agreement entered by the parties in April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire’s common stock for $ 290. Jul 12, 2024 · April 15, 2024. Prysmian + Encore Wire: Powering New Energy Everywhere Prysmian is pleased to announce a new chapter in our history as we join forces with Encore Wire . PRYSMIAN. 00 per Apr 15, 2024 · Prysmian (PRYMY) proposes to acquire Encore Wire (WIRE) for $290. Prysmian communicates that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the proposed acquisition of Enc. Encore Wire and Prysmian are two highly complementary organizations, and we anticipate a bright future for Encore Wire as part of Prysmian. Prysmian expects to gain from increased cross-selling opportunities and the efficiency and innovation Prysmian (OTCPK:PRYMY) proposes to acquire Encore Wire (NASDAQ:WIRE) for $290. Encore Wire’s figures as per reported and converted at 1. The Transaction represents a premium of approximately 20% to the 30-day volume weigh We're your single source for residential, commercial, and industrial wire and cable. 2 billion acquisition of Encore Wire to expand in its North American profit powerhouse. 15 billion) including debt, the first major deal under its new CEO. 00 3 months ago - Business Wire. 15 bln) ** PRY offers $290/shr, 11% premium to WIRE's… Apr 23, 2024 · McKinney, TX - Encore Wire Corporation (NASDAQ Global Select: WIRE) ("Encore Wire" or the "Company") today announced results for the first quarter of 2024. (Alliance News) - Prysmian Spa announced that it has completed the acquisition of Encore Wire Corporation. (WIRE), a manufacturer of electrical wire and cables, announced Monday that it has entered into a definitive merger agreement to be acquired Apr 16, 2024 · Prysmian entered into a definitive merger agreement under which it will acquire Encore Wire for $290 per share in cash. The firm had bought General Cable for about $3 billion in 2018. Prysmian annuncia di aver completato l'acquisizione di Encore Wire Corporation (NASDAQ: WIRE). On April 15, Encore Wire Corp. 5 million in the first quarter ended March 31, 2023. 2x EV Encore Wire Corporation (NASDAQ:WIRE) inked a definitive deal to be acquired by Prysmian S. Apr 15, 2024 · Italy's Prysmian will acquire Encore Wire for $290. Type News. First Quarter Highlights. (NASDAQ:WIRE) in a $4. for around €3. 01 (+0. The transaction represents a premium of approximately 20% to the 30-day volume weighted average share price as of April 12, and approximately 29% to the 90-day VWAP as of the Jun 27, 2024 · PRYSMIANEncore Wire's Stockholders Approved the Acquisition by Prysmian. 00 per Apr 16, 2024 · Prysmian has communicated the agreement to take over Encore Wire for $290 per share. Furthermore, as part of a larger, global operation, we expect this transaction will bring additional future opportunities for our employees, whose dedication and hard work made this transaction possible. Prysmian communicates that at a special meeting of Encore Wire Corporation's (NASDAQ: WIRE) stockholders held earlier today, a majority of the out. 15, 2024, 01:14 AM. for the acquisition of Encore Wire. Downloads. Prysmian is expected to finance the deal through a mix of cash on its balance sheet of about 1. Jun 7, 2024 · BDC. We warmly welcome Encore Wire employees into our team and together, as a result of our team spirit, passion and innovative approach, we will become an even stronger leader. This implies a total cash-out consideration of €3. According to the Prysmian press release, the transaction represents a premium of approximately +20% to the 30-day volume weighted average share price (VWAP) as of April 12, 2024 and approximately +29% to the 90-day VWAP as of the same date. 8% and in 2022 they grew 7. 2 billion deal. Jul 2, 2024 · Prysmian ha completato l’acquisizione di Encore Wire. May 30, 2024. Encore Wire financials based on US GAAP. Encore Wire's implied Enterprise Value is approximately €3. 9%. ( NASDAQ:WIRE ), a small-cap copper wire and cable manufacturer, announced a merger with Prysmian SpA ( MIL:PRY ), a Milan, Italy-based cable manufacturer and May 22, 2024 · Encore Wire (NASDAQ:WIRE) edged lower by 0. 7 billion on April 14, 2024. 00 per share in cash represents a premium of 20% to the 30-day VWAP and 29% to the 90-day VWAP. Apr 15, 2024 · Prysmian, the world's largest cablemaker, will acquire U. . In conformità con i termini dell'accordo di fusione sottoscritto dalle parti in data 14 aprile 2024, Prysmian ha acquisito per cassa tutte le azioni. 2 Apr 16, 2024 · April 16, 2024 – Encore Wire announced it has entered into a definitive merger agreement under which Prysmian will acquire Encore for $290. The transaction price represents a premium of around 20% Apr 15, 2024 · About Dow Jones Newswires. 00 Per Share in Cash. Encore Wire Corporation has agreed to be acquired by Prysmian S. 7 million compared to $660. The transaction remains Apr 15, 2024 · Encore Wire Corp. MCKINNEY, Texas-- (BUSINESS WIRE)--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. May 9, 2024 · Milan-based Prysmian last month announced the $4. 00 per share in cash (the “Transaction”). Apr 15, 2024 · MCKINNEY, Texas-- ( BUSINESS WIRE )--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for Jun 26, 2024 · June 26, 2024 at 11:14 am EDT. In conformità con i termini dell'accordo di fusione sottoscritto dalle parti in data 14 aprile 2024, Prysmian ha acquisito per cassa tutte le azioni ordinarie in circolazione di Encore Wire per $ 290,00 per Apr 15, 2024 · Encore Wire today announced that it has entered into a definitive merger agreement under which Prysmian will acquire Encore Wire for $290. 9 billion, representing a multiple of 8. antitrust purposes. (Alliance News) - Prysmian Spa on Wednesday reported that at an extraordinary meeting of Encore Wire Corporation shareholders, shareholders holding a majority of Encore Wire's outstanding common shares voted in favor of adopting the merger agreement under which Prysmian will acquire Encore Wire for USD290. 15, 2024-- Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. 00 Per Share In Cash: * ITALY'S PRYSMIAN - TRANSACTION, ENCORE WIRE'S IMPLIED ENTERPRISE VALUE IS APPROXIMATELY EUR 3. As per the deal terms, Encore Wire's implied enterprise value is around 3. "We are pleased to have reached an Apr 15, 2024 · April 15, 2024. Apr 15, 2024 · According to the terms of the agreement announced Monday, Prysmian will buy Encore Wire for $290 per share in cash, representing an 11. • Slide 3: 1 460 acres with 3m+ square feet. acquisition in recent years. "Through this Jul 12, 2024 · 15/07/2024 Pubblicazione del documento informativo relativo all’acquisizione di Encore Wire corp. Jul 2, 2024 · Milano, Italia - 02/07/2024 - 07:30 AM. Apr 16, 2024 · Prysmian Picks up Encore Wire for $4. ” Encore Wire’s Chairman, President and Chief Executive Officer. 9 billion, or $4. Jul 3, 2024 · Prysmian has purchased all outstanding shares of Encore Wire at $290 per share in cash. Prysmian expects to gain from increased cross-selling opportunities and the efficiency and innovation inherent in Encore Wire's distinctive production, distribution processes and service levels. 00 per share in cash, the companies said on Monday. 8% in 2021 Apr 15, 2024 · Encore Wire and Prysmian are two highly complementary organizations, and we anticipate a bright future for Encore Wire as part of Prysmian. Encore Wire e Prysmian sono due organizzazioni complementari e siamo certi che Encore Wire Apr 15, 2024 · April 15, 2024. 3x EV/2023A EBITDA including run rate synergies. 1B. Il prezzo per azione di $290,00 rappresenta un premio di c. PV Source and Output conductors that are listed and labeled as Photovoltaic (PV Apr 15, 2024 · Apr. Encore Wire, a McKinney, Texas-based manufacturer of copper and aluminum electrical wires and cables, announced April 15 it agreed to be acquired by Italian cable maker Prysmian SpA for $4. Prysmian communicates that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the proposed acquisition of Encore Wire Corporation (NASDAQ: WIRE) expired on May 28, 2024. 9 Apr 15, 2024 · In fiscal year 2023, Encore Wire delivered revenue of approximately $2. 3% to $282. 00 per share in Apr 15, 2024 · Join SI Premium – FREE. Copper unit volume Jul 2, 2024 · July 02, 2024 at 01:44 am EDT. 9 billion euros ($4. ; 15/07/2024 Aggiornamento sull’esecuzione del programma di acquisto di azioni proprie Apr 16, 2024 · Summary. The deal, announced on April 15, 2024, emphasizes Prysmian's commitment to expanding its presence in North America and diversifying its business portfolio. (OTC:PRYMF) for $290. “This transaction maximizes value for Encore Wire shareholders and provides an attractive premium for their shares. 2x EV/2023A EBITDA and 6. Apr 14, 2024 · Prysmian S. Apr 15, 2024 · Encore Wire Corp. (Reuters) -Italy's Prysmian announced a deal to buy U. Jun 7, 2024 · On April 15, Encore Wire Corp. shares are surging more than 11 percent on Monday morning trade after on announcement of an agreement to be acquired by the Italian cablemaker Prysmian for around $4. In 2021 they grew 10. p. • Slide 5: Note: Preliminary segmentation based on existing reporting by Prysmian and Encore Wire. Jun 7, 2024 · Under the agreement, Encore shareholders will receive $290 per share in cash, an approximate 20% premium to the 30-day volume-weighted share price as of April 12. Apr 15, 2024 · The acquisition by Prysmian at $290. Completion of the deal remains conditional on the approval of Encore Wire's shareholders, representing at least a majority of the voting capital, and the fulfillment of other conditions precedent typical Investor Relations | Encore Wire Corporation. 00 per share in cash, marking a significant milestone in its strategic growth journey. The deal is set to be completed in the second half of the year. 9 billion, with a premium price of 11% on the stock Mar 7, 2023 · Encore grew their wire sales (by lbs) over the past 2 years. Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). 00%) 7:00 CDT · June 30, 2024. Find out how Encore Wire's best in class building and electrical distribution wire will enhance Prysmian's product portfolio and expand our service offerings. 2 Apr 15, 2024 · Updated 15 April 2024 · 2-min read. Apr 15, 2024 · ** Shares of Encore Wire NASDAQ:WIRE jump 8. for $290 per share, causing shares of Encore Wire to surge. At the time of the announced acquisition, Prysmian Chief Executive Massimo Battaini exclaimed: "The acquisition of Encore Wire represents a landmark moment for Prysmian and a I talian cabling solutions provider Prysmian is acquiring electrical building wires and cables maker Encore Wire Corp. Under the agreement, Encore shareholders will receive $290 per share in cash, an approximate 20% premium to the 30-day Encore Wire financials as per US GAAP. Strategic Rationale. In accordance with the terms of the merger agreement entered by the parties on 14 th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire's common stock for $ 290. 9 billion ($4. 00 per share in cash. S. 84 $0. Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to Jul 1, 2024 · Milan, 02 July 2024 - Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). Encore Wire disclosed that Jul 3, 2024 · MILAN, ITALY - Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). Encore Wire stock was surging Monday after the copper and aluminum cable and wire maker announced that it has entered into an agreement to be acquired by Prysmian for about €3. Apr 15, 2024 · (Alliance News) - Prysmian announced Monday that it has entered into a merger agreement under which it will acquire Encore Wire for USD290. The first quarter results highlight an outstanding profitability, driven by the strong performance of the Power Grid and Transmission segments, while the order backlog Apr 15, 2024 · Encore Wire and Prysmian are two highly complementary organizations, and we anticipate a bright future for Encore Wire as part of Prysmian. 2x EV/2023A Encore Wire marks Prysmian's second major U. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024 and Jul 2, 2024 · Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290. The deal, for $290 per share in cash, represents a premium of about 20 percent over the 5 days ago · We hereby informs that today has been made available the Information Document - prepared pursuant to article 71 of the Regulation adopted by Consob with resolution no. 4 billion Feb 7, 2024 · between Encore Wire and Prysmian because of our shared spirit of innovation and commitment to accelerate the transition towards a low carbon economy. , Dimensional Fund Advisors LP and others for $4. 00 per share in cash (the Apr 15, 2024 · Prysmian in a news release said that the deal will help it grow, enhance its exposure in North America, leverage Encore Wire's operational efficiency and broaden its product offering. 00 represents a premium of approximately 20 percent over the 30-day weighted average (VWAP) as of Friday and approximately 29 percent over the 90-day weighted Transaction Grows Prysmian’s North America Exposure, Enhancing Geographical and Business Portfolio . Apr 16, 2024 · Italian cabling solutions provider Prysmian Group has agreed to acquire copper and aluminium electrical wire and cables manufacturer Encore Wire in a deal that values the latter at about €3. 00 per share in cash (the "Transaction"). Apr 15, 2024 · I punti chiave. The combination of Prysmian and Texas-based Encore Wire’s product offerings and customer relationships will May 29, 2024 · (Alliance News) - Prysmian Spa announced Wednesday that it has received antitrust clearance in the U. Type Photovoltaic / RHH / RHW-2 is suitable for outdoor rooftop PV source and output circuits without raceways and for use in raceways installed underground in wet locations, and where condensation and moisture accumulations within the raceway do not exceed 90°C. Jones, Chairman, Presidente ed Amministratore Delegato di Encore Wire. 20% rispetto alla media ponderata a 30 giorni (VWAP) alla data di venerdí 12 Aprile 2024 e c. At Encore Wire, we always put our customers first. (NYSE:BLK), The Vanguard Group, Inc. “Questa operazione massimizza il valore per gli azionisti di Encore Wire e riconosce loro un sostanziale premio per le azioni rispetto ai corsi di borsa. Prysmian today announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire (NASDAQ: WIRE) for $290. MCKINNEY, Texas– ( BUSINESS WIRE )– Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. The company acquired for cash all of the outstanding common shares of Encore Wire for USD290. 2 billion. The acquisition will strengthen Prysmian's leadership position in North America. Major cable manufacturer Prysmian will grow its North American presence with the acquisition of Encore Wire, a well-known U. The $290 per share acquisition price tag Apr 15, 2024 · Encore Wire and Prysmian are two highly complementary organizations, and we anticipate a bright future for Encore Wire as part of Prysmian. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share Apr 15, 2024 · Prysmian ha annunciato oggi di aver stipulato un accordo di fusione in base al quale acquisirà Encore Wire (NASDAQ: WIRE) per $290,00 per azione (l’”Operazione”). etato l'acquisizione di Encore Wire Corporation (NASDAQ: WIRE). 9 billion, with a multiple of 8. 6 billion and EBITDA of $517 million 2. 00 per share in cash for a total enterprise value of approximately €3. Si tratta della più grande acquisizione, per Apr 15, 2024 · Daniel L. 08x USD/EUR FX. 00 per share. Encore Wire produces copper and aliminum wires and cables for residential May 29, 2024 · Milan, Italy - 29/05/2024 - 07:20 AM. Encore Wire is highly complementary to Prysmian’s strategy and, in particular, the Transaction will allow Prysmian to: increase its exposure to secular growth drivers; enhance its exposure to North America; Jun 7, 2024 · common stock were voted in favor of the adoption of the merger agreement pursuant to which Prysmian will acquire Encore Wire for $290. 9 billion euros. Prysmian- the world's largest cable maker- has benefited Prysmian announces that it has completed the acquisition of Encore Wire Corporation (NASDAQ: WIRE). Apr 12, 2024 · MCKINNEY, Texas -- (BUSINESS WIRE)--Apr. 00 per share in cash; New Taxation & Government Incentives Risk for Encore Wire Apr 16, 2024 · Prysmian, a global leader in cabling solutions, has unveiled plans to acquire Encore Wire for $290. 2 Defined as (EBITDA – Capex) / EBITDA. 00 per share, in cash. Encore Wire marks Prysmian's second major U. According to the terms of the transaction, Encore Wire's implied enterprise value is about 3. In accordance with the terms of the merger agreement entered by the parties on 14th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire’s common stock for $ 290. As a result, the transaction has been cleared for U. “Through this acquisition, Prysmian will grow its North American presence, enhancing its portfolio and geographic mix, while significantly increasing the exposure to secular growth drivers,” said Massimo Battaini, Prysmian Jul 3, 2024 · Prysmian has purchased all outstanding shares of Encore Wire at $290 per share in cash. 1 billion, including debt. As an industry leading manufacturer in wire and cable, with innovation in product development and unparalleled service, we give our clients the competitive edge for each and every build. The acquisition of Encore Wire has been cleared for U. Apr 18, 2024 · Avenue Investment Management, acting on behalf of its partners and clients who are shareholders of Encore Wire, voiced strong dissent against the proposed merger with Prysmian at a price of $290 Jul 2, 2024 · Encore Wire to Be Acquired by Prysmian for $290. 11971 of May 14, 1999, as subsequently amended and integrated - relating to the acquisition of Encore Wire. And through smarter packaging, we help you achieve maximum productivity onsite. Encore Wire's Stockholders Approved the Acquisition by Prysmian. (BIT:PRY) entered into an agreement to acquire Encore Wire Corporation (NasdaqGS:WIRE) from BlackRock, Inc. Prysmian CEO Massimo Battaini stated: “This acquisition will May 9, 2024 · encore wire acquisition will grow prysmian’s north america business Massimo Battaini, Chief Executive Officer (CEO), commented: “Prysmian has had an solid start to 2024. 12% premium to the stock’s Friday close. Subject to the satisfaction or waiver of the remaining customary closing conditions, Prysmian currently anticipates that the acquisition will be consummated on July 2, 2024. Apr 16, 2024 · M&A News: Encore Wire Soars on $4. According to the terms of the definitive merger agreement, Prysmian Group will pay $290 per share in cash to shareholders of the Nasdaq-listed Encore May 30, 2024 · PRYSMIANThe acquisition of Encore Wire has been cleared for U. 2B Acquisition Deal with Prysmian; Encore Wire to be acquired by Prysmian for $290. June 27, 2024. As stated in the released note, the acquisition will enable the consolidation of Prysmian's Apr 22, 2024 · MCKINNEY, Texas — Encore Wire announced that it has entered into a definitive merger agreement under which Prysmian will acquire Encore Wire for $290 per share in cash. The Italian cables maker is seeking to enhance its US presence and enter the country’s residential construction sector. . Through our state-of-the-art quality control facility - the Encore Wire TechLab® - we ensure that our products are built to the highest standards. 9 bln euros ($4. 15 billion) as it doubles down on a North American market that already powers its profits. (RTTNews) - Encore Wire Corp. 2 COMUNICATO STAMPAPRYSMIAN COMPLETA L'ACQUISIZIONE DI ENCORE WIREMilano, 02 luglio 2024 – Prysmian annuncia di aver co. Encore Wire Corporation (WIRE) $289. Apr 15, 2024 · Prysmian today announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire (NASDAQ: WIRE) for $290. In conformità con i termini dell’accordo di fusione sottoscritto lo scorso 14 aprile la società italiana ha acquisito per cassa tutte le Apr 14, 2024 · Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12 We pride ourselves on our personal connection to the industry, and innovation for the sake of our customers. Prysmian Group (OTCPK:PRYMF), one of Encore's competitors was also up 10. A. In accordance with the terms of the merger agreement entered by the parties on 14th April 2024, Prysmian has acquired all of the outstanding shares of Encore Wire's common stock for $ 290. The acquisition will strengthen Prysmian’s leadership position in North America, as it will benefit from enhanced cross-selling opportunities, as well as the efficiency and innovation within Encore Wire’s production, distribution Jul 3, 2024 · Prysmian announces that it has completed the acquisition of Encore Wire Corporation. 3% after the company disclosed it received no offers during the go-shop period for its planned sale to Prysmian (OTCPK:PRYMY). We do more than make wire. Prysmian Apr 15, 2024 · Encore Wire today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290. nn wk fq sk za yx bc vl ij wb