Recent Updates — ATKR
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.
Atkore Inc. issued a conditional notice to redeem all outstanding $400,000,000 aggregate principal amount of its 4.25% Senior Notes due 2031 on October 19, 2026, or a later date if conditions are met. The redemption price is set at 102.125% of the principal amount plus accrued interest. This action is contingent upon the completion of Atkore's merger with Prysmian S.p.A., which must provide sufficient funds to effectuate the redemption in compliance with the Indenture terms. If the merger conditions are not satisfied or waived by the original or delayed redemption date, the notice may be rescinded and the redemption will not occur. Atkore Inc. manufactures electrical products and systems.
Atkore Inc. held a special meeting of stockholders on October 7, 2026, to vote on the proposed merger with Prysmian S.p.A. Stockholders approved the adoption of the Merger Agreement by approximately 81.84% of outstanding shares, with 27,600,871 votes in favor against 21,281 opposed. The advisory vote on executive compensation was also approved. Atkore manufactures electrical products and systems.
Atkore Inc. filed a current report to confirm that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on September 14, 2026, regarding its proposed merger with Prysmian S.p.A. The transaction remains subject to customary closing conditions, including shareholder approval and other regulatory clearances. Atkore Inc. manufactures electrical products and systems.
Atkore Inc. announced its fiscal 2026 third quarter results and entered into a definitive agreement to be acquired by Prysmian S.p.A. in an all-cash transaction valued at $95.00 per share, representing an enterprise value of approximately $3.8 billion. For the quarter ended June 26, 2026, net sales increased 8.1% to $794.8 million, while adjusted EBITDA rose 4.7% to $104.7 million. GAAP net income fell 98.3% to $0.7 million due to a $50.0 million litigation settlement expense and increased transaction costs. The Board also approved a quarterly dividend of $0.33 per share, payable on August 28, 2026 to shareholders of record as of August 18, 2026. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications.
On August 2, 2026, Atkore Inc. entered into a definitive Agreement and Plan of Merger with Prysmian S.p.A., under which Prysmian will acquire all outstanding shares of Atkore common stock in an all-cash transaction valued at approximately $3.8 billion enterprise value. Each share of Atkore stock will be converted into the right to receive $95.00 in cash, representing a premium of approximately 30% to the July 31, 2026 closing price. The merger requires approval by Atkore's shareholders and customary regulatory clearances, including Hart-Scott-Rodino review, with a target closing date by calendar year-end 2026. Atkore’s board unanimously recommended the transaction, which is not subject to financing conditions. Atkore Inc. manufactures electrical infrastructure products for commercial, industrial, data center, and solar applications.