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Prysmian Strikes Deal to Buy US Electrical Maker Atkore

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Deals Prysmian Strikes Deal to Buy US Electrical Maker Atkore Italy’s Prysmian SpA has struck an all-cash deal to acquire electrical manufacturing company Atkore Inc. Prysmian said it’s paying $95 per share for Harvey, Illinois-based Atkore, according to a statement on Monday. The offer values the company at an enterprise value of about $3.8 billion, confirming an earlier Bloomberg News report that a deal was near.

Deals Prysmian Strikes Deal to Buy US Electrical Maker Atkore Italy’s Prysmian SpA has struck an all-cash deal to acquire electrical manufacturing company Atkore Inc. Prysmian said it’s paying $95 per share for Harvey, Illinois-based Atkore, according to a statement on Monday. The offer values the company at an enterprise value of about $3.8 billion, confirming an earlier Bloomberg News report that a deal was near.
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Originally published by Bloomberg Technology Read original →