Shares of electrification solutions firm Atkore (ATKR) surged in Monday’s premarket trade after the company agreed to merge with Italy’s Prysmian in a $3.8 billion deal to create an entity that will support the artificial intelligence infrastructure industry.As of the writing, ATKR stock was up 28…
The acquisition expands leadership in the U.S. electrification market, creating a one-stop shop for cables and installation components, with EUR 150 million in targeted synergies by 2029. The deal is accretive from year one, preserves investment-grade rating, and positions the group for further gro…
The acquisition will create a leading North American electrical solutions provider, expanding product offerings and accelerating growth in electrification and data center markets. The $3.8 billion deal is expected to deliver $150 million in annual synergies and be EPS accretive.Original document: P…
Atkore Inc. (“Atkore” or the “Company”) (NYSE: ATKR), a leading manufacturer of electrical infrastructure products, announced today that it has entered into a definitive agreement to be acquired by Prysmian S.p.A. (BIT: PRY) in an all-cash transaction representing an enterprise value of approximate…
Prysmian S.p.A. (MIL:PRY) is shifting its cable mix to about 40% aluminium and 60% copper, driving material demand as grid resilience and data‑center projects expand, and is set to add the Cook Strait HVDC Link upgrade to its order backlog after Transpower’s Notice to Proceed.Previous Week Recap…
