European indexes largely rose at market open, with the Europe-wide Stoxx 600 lifted by the banking sector.

After a year of selling off pieces of itself, the board agreed to sell the whole company, and what a holder owns now is closer to a cash claim than a conduit maker.

Shares of electrical safety company Atkore (NYSE:ATKR) jumped 28.1% in the afternoon session after the company agreed to be acquired by Prysmian S.p.A. in an all-cash deal valued at approximately $3.8 billion.

The merger is expected to generate annual run-rate EBITDA synergies of approximately $150m (€130.29m) within three years post-closure.

The electrical infrastructure supplier wants to create a "one-stop shop" for its AI data center customers.

Prysmian has agreed to acquire Atkore Inc. in an all cash transaction valued at about US$3.8 billion. The deal, announced recently, is set to combine two large players in cables and electrical infrastructure. The transaction adds a new dimension to Prysmian’s expansion plans and product reach. Prysmian, traded as BIT:PRY, enters this deal with a share price of €120.2 and a strong multi year return profile. The stock is up 33.7% year to date and 75.5% over the past year, with a return over 3...

Atkore Inc. (NYSE:ATKR) soared by 28 percent to a new 52-week high on Monday, as investors gobbled up its shares after it agreed to be acquired by Prysmian SpA for $3.8 billion, or at a 30 percent premium over its closing price prior to the announcement. In a statement, the electrical products maker said that […]

Prysmian (BIT:PRY) is in focus after reporting record quarterly EBITDA of €730 million and raising its 2026 guidance, supported by Digital Solutions and Transmission, along with over €10 billion in cumulative optical data center revenues. See our latest analysis for Prysmian. Prysmian’s recent record EBITDA and raised 2026 guidance come after a mixed short term share price performance, with the 30 day share price return down 16%, yet a 1 year total shareholder return of 75.5% and a 5 year...

Atkore (ATKR) shares rose more than 26% after the company said it has entered a definitive agreement

Atkore (ATKR) shares jumped early Monday after the electrical products manufacturer agreed to be acq

Atkore Inc. (NYSE:ATKR) posted stronger-than-expected fiscal third-quarter 2026 results while simultaneously announcing that it has entered into a definitive agreement to be acquired by Prysmian S.

Atkore is merging with Italy’s Prysmian to bring together their expertise in electrification services.

Prysmian said its planned acquisition of Atkore (NYSE:ATKR) would expand its U.S. electrification portfolio beyond cables into installation components, positioning the combined company as a one-stop supplier for distributors, engineering firms and data-center customers. Speaking on a conference cal

U.S.-listed Atkore said it agreed to be bought by Italy’s Prysmian in a deal that values the manufacturer of electrical infrastructure products at around $3.8 billion, including debt. Under the deal, Atkore shareholders will receive $95 a share in cash. Prysmian produces cables and will combine its products with Atkore’s in a bid to increase its exposure to the growing North American data-center sector, the company said.

Italian cable maker Prysmian said on Monday it agreed to acquire U.S.-based ‌electrical products maker Atkore for $95 per share in ‌cash, giving the company an implied enterprise value of around $3.8 billion. The offer represents a roughly 23% premium to Atkore's 90-day volume-weighted average share price as of July 31, Prysmian said. The deal expands Prysmian's North American footprint creating "a one-stop ‌shop" for electrification ⁠and AI-driven infrastructure projects, including data centers.

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Prysmian SpA (PRYMF) posts record quarterly EBITDA of EUR730 million and raises full-year guidance, driven by robust growth in Digital Solutions and Transmission segments.