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Atkore Inc. to Be Acquired by Prysmian for $95.00 per Share in Cash
The all-cash purchase would expand Prysmian’s North American footprint and is expected to generate $150 million in annual pretax synergies within three years.
- On Aug 3, Italian cable maker Prysmian agreed to acquire United States-based electrical products maker Atkore for $95 per share in cash, valuing the company at approximately $3.8 billion.
- Prysmian CEO Massimo Battaini said the acquisition expands the North American footprint, creating "a one-stop shop" for AI-driven infrastructure and electrification projects with Atkore's complementary electrical products.
- The purchase price represents a premium of approximately 30% to Atkore's closing share price on July 31 and roughly 23% to its 90-day volume-weighted average, according to Prysmian.
- Based on 2025 results, the combined company would have reported about $25.5 billion in revenue, with Prysmian expecting about $150 million in pre-tax synergies within three years of closing.
- Both companies' boards unanimously approved the transaction, expected to close by the end of 2026 subject to regulatory clearances and Atkore shareholder approval.
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Italian cable manufacturer Prysmian has reached an agreement to acquire US-based Atkore in a transaction valued at approximately US$3.8 billion, including debt. Exclusive content for subscribers. For full access, follow the link to the article and register.
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Total News Sources19
Leaning Left1Leaning Right3Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 25%
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