Aug. 3 at 11:27 AM
$ATKR Atkore to be acquired by Prysmian for
$95.00 per share in cash
Atkore announced that it has entered into a definitive agreement to be acquired by Prysmian in an all-cash transaction representing an enterprise value of approximately
$3.8B. Under the terms of the agreement, at the closing of the transaction, Atkore shareholders will receive
$95.00 per share in cash for each share of Atkore common stock. The per share purchase price represents a premium of approximately 30% to Atkore's closing share price of
$72.96 on July 31, and approximately 57% to Atkore's closing share price of
$60.69 on September 29, 2025, the last trading day before Atkore announced its initial strategic review.
Each company's board of directors has unanimously approved the transaction, and Atkore's board of directors will, in conjunction with the proxy filing, recommend that Atkore's shareholders vote to approve the transaction. The transaction is targeted to close by calendar year end 2026, subject to the approval of Atkore's shareholders, regulatory approvals and other customary closing conditions. The transaction will be funded by a mix of debt, including hybrid bonds, and equity, including treasury shares disposal.
