Why is Prysmian acquiring Atkore (NYSE:ATKR)?

Prysmian said acquiring Atkore (NYSE:ATKR) will broaden its North American electrical infrastructure portfolio and increase its exposure to electrification and data-centre investment.

What will Atkore (NYSE:ATKR) shareholders receive from Prysmian?

Atkore (NYSE:ATKR) shareholders will receive $95 in cash for each share under the agreement with Prysmian, subject to the transaction closing.

How large is Prysmian’s offer premium for Atkore (NYSE:ATKR)?

Prysmian’s $95 offer for Atkore (NYSE:ATKR) is 30% above the July 31, 2026 closing price and 57% above the September 29, 2025 closing price.

When will Prysmian’s acquisition of Atkore (NYSE:ATKR) close?

Prysmian and Atkore (NYSE:ATKR) are targeting completion by the end of 2026, subject to Atkore shareholder approval, regulatory clearance and customary conditions.

How will Prysmian fund the Atkore (NYSE:ATKR) acquisition?

Prysmian said the Atkore (NYSE:ATKR) acquisition will be funded through debt, including hybrid bonds, and equity, including the disposal of treasury shares.

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Atkore accepts Prysmian’s $3.8 billion cash offer

Written by Liezl GambePublished Aug 3, 2026, 8:22 AM

Atkore agreed to be acquired by Prysmian for $95 per share in cash, valuing the transaction at approximately $3.8 billion.
Atkore shares were up 25.3% at $91.40 in premarket trading following the announcement.
Prysmian said the acquisition will expand its North American electrical infrastructure and data-centre offering.

Atkore (NYSE:ATKR) agreed to a $3.8 billion all-cash takeover by Prysmian, giving shareholders $95 per share.

The offer is 30% above Atkore’s July 31 close of $72.96 and 57% above its pre-review September 2025 close of $60.69.

Both boards approved the deal, targeted for year-end 2026 after required approvals, while Prysmian said funding will combine debt, hybrid bonds and equity.

Following the announcement, Atkore's share price was up 25.3% at $91.40 in premarket trading.

Atkore began its strategic review in September 2025, then sold its Tectron tubing and HDPE businesses to concentrate on electrical infrastructure.

Prysmian previously acquired Encore Wire in July 2024 and Channell in June 2025 to expand its North American electrical and digital offerings.

Atkore accepts Prysmian’s $3.8 billion cash offer

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