$PRYMF

Prysmian is investing over $1 billion to expand its Catawba County, North Carolina facility in Claremont, adding 385 jobs, according to Governor Josh Stein. The expansion is expected to take 20-24 months and more than double U.S. fiber optic capacity, including glass preform and fiber, and increase cable production. Prysmian employs about 680 there.

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.

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.

Atkore 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.

Prysmian 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.

Prysmian 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.

Investing.com reports Prysmian shares fell about 2% to €117.85 after the company agreed to buy U.S. Atkore Inc. for $95.00 per share in cash, valuing the deal at about $3.8 billion. The boards approved it, with a target close by end-2026. Investors focused on debt and equity funding, including treasury share disposal and dilution, plus Prysmian’s 2026 guidance excluding Atkore.

Prysmian said it will acquire U.S. electrical products maker Atkore in an all-cash deal worth $3.8 bln. Prysmian will pay $95 per Atkore share, about a 30% premium to Friday’s close. Both boards approved, and the deal is targeted to close by end-2026, funded via debt and equity.

Bloomberg reports that Prysmian is nearing a deal to acquire U.S. electrical products maker Atkore, according to the report. The potential acquisition would expand Prysmian’s footprint in electrical infrastructure markets and could affect investors’ views on Prysmian’s growth and deal terms.

Investing.com reports Prysmian shares fell 1.8% to €113 after its Q2 2026 earnings release and investor call. Ahead of results, analysts expected revenue about 7% above consensus and adjusted EBITDA about 5% above, with guidance potentially raised to €2.8–2.95 billion. The stock’s drop is attributed to a sell-the-news reaction and sensitivity after a Q1 EPS miss.