Atkore shareholders will receive $95.00 per share as Prysmian expands its North American presence through the acquisition.
Prysmian S.p.A has agreed to acquire Atkore in an all-cash transaction valuing the company at approximately $3.8 billion. The deal offers Atkore shareholders $95.00 per share, reflecting a premium to recent trading levels.
Atkore, a provider of electrical products, has been expanding its market share in North America. The acquisition aligns with Prysmian’s strategy to strengthen its footprint in the region, following prior investments in infrastructure and manufacturing.
The transaction is subject to regulatory approvals and customary closing conditions but is expected to finalize in the coming months.