Atkore jumps as Italy's Prysmian agrees to buy co in $3.8 bln deal
ATKR•Prysmian agrees to buy Atkore in cash deal
Shares of electrical products maker Atkore ATKR.N surge 26.1% to $92 premarket
Italian cable maker Prysmian PRY.MI agrees to buy Atkore for $95 per share in cash, giving the company an implied enterprise value of around $3.8 billion
The transaction, unanimously approved by both boards, is expected to close by the end of 2026, subject to Atkore shareholder approval, regulatory clearances and customary closing conditions
ATKR up 15.4% YTD, as of last close
