Prysmian S.p.A.
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Berenberg upgraded Italy’s Prysmian (BIT:PRY) to buy from hold, citing improved financial performance and competitive position not reflected in the current price. It raised its target to €150 from about €130, after Prysmian’s July Q2 results and its acquisition of Aktore. Prysmian was up about 1% near €125.
Atkore (ATKR) shares jumped 28% after the company agreed to be acquired by Prysmian for $95.00 per share in cash, valuing the deal at about $3.8 billion versus trailing revenue of $2.87 billion (about 1.3x sales), according to the companies. Atkore has been selling noncore units and reported improved Q2 FY2026 results. Rights firms opened investigations into deal fairness.
Prysmian agreed to acquire US electrical infrastructure specialist Atkore for $95 per share in cash, valuing Atkore’s enterprise services at about $3.8bn. The offer is a ~23% premium to Atkore’s 90-day VWAP as of July 31, 2026. Atkore reported $2.85bn revenue and $386m EBITDA in FY2025. The deal expands Prysmian’s North American electrical solutions for data centers and AI demand.
Recent PRYMF coverage spans mergers & acquisitions and financial news.
Berenberg upgraded Italy’s Prysmian (BIT:PRY) to buy from hold, citing improved financial performance and competitive position not reflected in the current price. It raised its target to €150 from about €130, after Prysmian’s July Q2 results and its acquisition of Aktore. Prysmian was up about 1% near €125.
Atkore (ATKR) shares jumped 28% after the company agreed to be acquired by Prysmian for $95.00 per share in cash, valuing the deal at about $3.8 billion versus trailing revenue of $2.87 billion (about 1.3x sales), according to the companies. Atkore has been selling noncore units and reported improved Q2 FY2026 results. Rights firms opened investigations into deal fairness.
Prysmian agreed to acquire US electrical infrastructure specialist Atkore for $95 per share in cash, valuing Atkore’s enterprise services at about $3.8bn. The offer is a ~23% premium to Atkore’s 90-day VWAP as of July 31, 2026. Atkore reported $2.85bn revenue and $386m EBITDA in FY2025. The deal expands Prysmian’s North American electrical solutions for data centers and AI demand.
Prysmian Group agreed to acquire US-based Atkore under a definitive merger deal valued at €3.3bn, or $3.8bn. Atkore shareholders will receive $95 per share in cash. Boards approved unanimously; deal awaits shareholder and regulatory approvals, expected by end-2026. Prysmian expects about $150m annual EBITDA synergies within three years and plans to fund via debt and equity.
Prysmian signed a definitive merger agreement to acquire US electrical infrastructure provider Atkore, expanding Prysmian’s North American footprint. The deal adds conduits, cable management, armoring, framing, and plastic pipes and fittings to Prysmian’s cable portfolio, aiming to simplify procurement and speed installation. Prysmian CEO Massimo Battaini and Atkore board chair Michael Schrock cited synergies and complementary products.
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Berenberg upgraded Italy’s Prysmian (BIT:PRY) to buy from hold, citing improved financial performance and competitive position not reflected in the current price. It raised its target to €150 from about €130, after Prysmian’s July Q2 results and its acquisition of Aktore. Prysmian was up about 1% near €125.
3 min readAtkore (ATKR) shares jumped 28% after the company agreed to be acquired by Prysmian for $95.00 per share in cash, valuing the deal at about $3.8 billion versus trailing revenue of $2.87 billion (about 1.3x sales), according to the companies. Atkore has been selling noncore units and reported improved Q2 FY2026 results. Rights firms opened investigations into deal fairness.
3 min readPrysmian agreed to acquire US electrical infrastructure specialist Atkore for $95 per share in cash, valuing Atkore’s enterprise services at about $3.8bn. The offer is a ~23% premium to Atkore’s 90-day VWAP as of July 31, 2026. Atkore reported $2.85bn revenue and $386m EBITDA in FY2025. The deal expands Prysmian’s North American electrical solutions for data centers and AI demand.
4 min readPrysmian Group agreed to acquire US-based Atkore under a definitive merger deal valued at €3.3bn, or $3.8bn. Atkore shareholders will receive $95 per share in cash. Boards approved unanimously; deal awaits shareholder and regulatory approvals, expected by end-2026. Prysmian expects about $150m annual EBITDA synergies within three years and plans to fund via debt and equity.
4 min readPrysmian signed a definitive merger agreement to acquire US electrical infrastructure provider Atkore, expanding Prysmian’s North American footprint. The deal adds conduits, cable management, armoring, framing, and plastic pipes and fittings to Prysmian’s cable portfolio, aiming to simplify procurement and speed installation. Prysmian CEO Massimo Battaini and Atkore board chair Michael Schrock cited synergies and complementary products.
2 min readAtkore Inc. (ATKR) shares rose about 28% to $93.46 after the company reported Q3 results and agreed to be acquired by Prysmian S.p.A. in an all-cash deal valued at about $3.8 billion. Atkore shareholders will receive $95.00 per share, a 30% premium, with closing expected by end-2026. Q3 net earnings were $0.745 million, or $0.02/share.
4 min readAtkore Inc. shares rose about 28% after Prysmian S.p.A. agreed to buy the electrical products maker in an all-cash deal valued at about $3.8 billion. Atkore shareholders will receive $95 per share, a ~30% premium to $72.96. Prysmian expects $150 million run-rate pre-tax synergies within three years. Atkore also reported Q3 net sales of $794.8 million and adjusted EPS of $1.92.
6 min readPrysmian plans to acquire Atkore for $3.8B, or $95 per share plus debt, to expand beyond cables into installation components. Prysmian targets $150M annual synergies by 2029 and expects EPS accretion in the high-single digits in year one, rising to double digits with run-rate synergies. Financing is about 60% debt, 20% equity, 20% hybrid debt.
6 min readPrysmian agreed to acquire Atkore in an all-cash deal valued at about $3.8bn, paying $95.00 per share, a 30% premium to Atkore’s 31 July close. The deal targets North American electrification and data-centre demand, with expected close by end-2026 subject to approvals. Atkore reported $2.9bn sales in FY2025.
6 min readAtkore Inc. (ATKR) said it agreed to be acquired by Prysmian S.p.A. (PRY.MI) in an all-cash deal valued at about $3.8 billion. Atkore shareholders will receive $95 per share, a ~30% premium to July 31 and ~57% to Sept. 29, 2025. The deal is expected to close by year end 2026, subject to conditions. ATKR shares rose about 20% premarket to $87.55.
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