Prysmian Strikes Deal to Buy US Electric Maker Atkore

Written by BloombergPublished Aug 3, 2026, 10:49 AM

Italy's Prysmian has reached an all-cash deal to buy electrical manufacturing company Atkore Inc. Prysmian said it's paying $95 per share in an offer that values the company at an enterprise value of about $3.8 billion. Prysmian CEO Massimo Battaini discusses the deal on "Bloomberg Brief."