MergerAug 3, 2026, 06:13 AM
Atkore to be Acquired by Prysmian for $95.00/Share in Cash
AI Summary
Atkore Inc. has entered into a definitive agreement to be acquired by Prysmian S.p.A. in an all-cash transaction valued at approximately $3.8 billion. Atkore shareholders will receive $95.00 per share, representing a 30% premium over the closing price on July 31, 2026. The merger, unanimously approved by Atkore's board, is expected to close by calendar year-end 2026, pending shareholder and regulatory approvals. Atkore also separately announced its third-quarter 2026 results and canceled its original earnings call.
Key Highlights
- Atkore Inc. to be acquired by Prysmian S.p.A. for $95.00 per share in cash.
- Total enterprise value of the transaction is approximately $3.8 billion.
- The offer represents a 30% premium to Atkore's closing share price on July 31, 2026.
- The transaction is targeted to close by calendar year-end 2026.
- Atkore's Board of Directors unanimously approved the merger agreement.
- Merger is subject to Atkore shareholder and regulatory approvals (HSR, Austria, Australia, Canada).
- All outstanding equity awards (Options, RSUs, PSUs, DSUs) will be converted into cash.
- Prysmian will fund the acquisition through a mix of debt and equity.
Price Impact
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