Prysmian to buy Atkore for USD 95 a share in cash
ATKR•Financing and Atkore earnings call changes
Prysmian plans to fund the purchase with a mix of debt, including hybrid bonds, and equity, including disposal of treasury shares.
Atkore’s previously scheduled Aug. 4 earnings call was canceled; a call is now set for Aug. 7 under its Senior Notes due 2031 terms.
Prysmian agrees to acquire Atkore in cash deal
Prysmian agreed to buy Atkore for USD 95 per share in cash, valuing the deal at about USD 3.8 billion enterprise value.
The offer implies a 30% premium to Atkore’s July 31, 2026 close of USD 72.96.
Closing is targeted by the end of 2026, subject to shareholder and regulatory approvals and other customary conditions.
