Atkore shareholders are set to receive $95 a share, a roughly 30% premium to the July 31, 2026 close, with closing targeted by the end of 2026 pending shareholder and regulatory approval.
Prysmian S.p.A. has agreed to buy Atkore Inc. in an all-cash transaction valued at about $3.8 billion, expanding its North American electrical infrastructure footprint as demand rises from electrification, data centers and digitalization. Under the definitive agreement, Atkore shareholders will receive $95.00 in cash for each share of common stock, a premium of about 30% to Atkore’s July 31, 2026 closing price of $72.96 and about 57% to its September 29, 2025 closing price of $60.69, the last trading day before the company announced its initial strategic review. Both boards unanimously approved the deal, which is expected to close by calendar year-end 2026 subject to Atkore shareholder approval, regulatory clearances and customary conditions. Prysmian said it plans to fund the acquisition with a mix of debt, including hybrid bonds, and equity, including treasury shares disposal, while targeting preservation of its investment grade profile. Atkore separately released fiscal third-quarter 2026 results for the period ended June 26, 2026, canceled a previously scheduled August 4 earnings call, and said it will instead host a call on August 7 at 8:00 AM ET as required under the indenture for its Senior Notes due 2031.