Overview
- Prysmian and Atkore signed a definitive agreement on Aug. 3 for an all‑cash takeover that values Atkore at $95 per share, roughly a $3.8 billion enterprise value.
- Both companies’ boards unanimously approved the deal and Prysmian said the offer is about a 23% premium to Atkore’s 90‑day average share price.
- Atkore reported stronger‑than‑expected fiscal third‑quarter results with adjusted EPS of $1.92 and $794.8 million in revenue, and its board declared a $0.33 quarterly dividend payable Aug. 28.
- Prysmian projects roughly $150 million in run‑rate pre‑tax synergies within three years and presented pro‑forma 2025 figures of about €22.1 billion revenue and €2.7 billion adjusted EBITDA, saying the deal should be earnings accretive from the first full year after close.
- The transaction must still win Atkore shareholder approval and regulatory clearances before an expected close by the end of 2026, and it would integrate about 5,400 Atkore employees while broadening Prysmian’s scope to speed electrification and data‑center projects in North America.