Prysmian Nears $2.46bn Cash Deal for Atkore

Prysmian Nears Acquisition of Atkore Inc.

Italy‑based Prysmian is reported to be in advanced, all‑cash negotiations to acquire U.S. electrical manufacturing company Atkore Inc., according to Bloomberg sources familiar with the matter. The deal is expected to be announced in the coming days once finalisation is complete. Atkore’s market capitalisation was $2.46 billion at the close of trading on the preceding Friday, underscoring the scale of the proposed transaction. The announcement coincided with a modest share price movement, with Prysmian shares up 0.29% and Atkore shares up 2.76% in early trading.