Mergers & Acquisitions ·
Prysmian completes acquisition of Atkore for $3.3B in cash
ATKRAtkore Inc.
On October 19, 2026, Prysmian S.p.A. completed its previously announced acquisition of Atkore Inc., merging the company into a wholly owned subsidiary. Each share of common stock was converted into the right to receive $95.00 in cash, representing an aggregate transaction value of approximately $3.3 billion funded by equity and debt financing. In connection with the closing, Atkore terminated its credit facilities and redeemed all outstanding 4.25% Senior Notes due 2031 at a price of 102.125% plus accrued interest. The company's stock was delisted from the New York Stock Exchange, and the board and officers were replaced by Prysmian appointees. Atkore manufactures electrical products including conduit, cable trays, and wire management systems.