Prysmian to buy Atkore for USD 95 a share in cash

Reuters2026/08/03 05:01

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Prysmian agreed to buy Atkore for USD 95 per share in cash, valuing the deal at about USD 3.8 billion enterprise value.
The offer implies a 30% premium to Atkore’s July 31, 2026 close of USD 72.96.
Closing is targeted by the end of 2026, subject to shareholder and regulatory approvals and other customary conditions.
Prysmian plans to fund the purchase with a mix of debt, including hybrid bonds, and equity, including disposal of treasury shares.
Atkore’s previously scheduled Aug. 4 earnings call was canceled; a call is now set for Aug. 7 under its Senior Notes due 2031 terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atkore Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260802368964) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Prysmian to buy Atkore for USD 95 a share in cash

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