Tianjin Xinmao S&T Investment Corp proposed to offer €20.50 in cash per share of Dutch cable maker Draka Holding after Milan-based Prysmian, the world’s second-largest cable maker, agreed to pay €17.20 a share in a cash-and-stock offer. Xinmao told Draka that the combination will make the Dutch firm a global leader in optical wire and cable with access to the Chinese market. It added that the deal will enable Xinmao to use Draka’s core  technologies in fiber optics products to develop the Chinese market. Analysts have said China’s proposed plan to expand its broadband to integrate the TV, internet and telephone networks could benefit fiber optic cable makers as the cost of copper cables has appreciated sharply.