Prysmian's $95-Per-Share Offer Sends Atkore Stock Flying 27%

Atkore Inc. (NYSE: ATKR ) stock surged about 27% in Monday’s premarket session after the electrical products maker agreed to a $3.8 billion all-cash takeover by Prysmian S.p.A. (OTC: PRYMY ) and reported better-than-expected fiscal third-quarter results. Atkore Takeover: Prysmian Offers $95 Per Share Prysmian agreed to acquire Atkore for $95 per share in cash, representing a roughly 30% premium to Atkore’s July 31 closing price of $72.96. The offer also represents a 57% premium to the stock’s September 29, 2025, closing price of $60.69, the last trading day before Atkore announced its strategic review. The companies expect the transaction to close by the end of 2026, subject to shareholder and regulatory approvals and other customary conditions. Both boards unanimously approved the agreement, and Atkore’s board intends to recommend it to shareholders. The $95-p...