Global energy infrastructure giant Prysmian has announced a definitive agreement to acquire Atkore, a leading manufacturer of electrical conduit, fittings, and metal framing, for a substantial $3.8 billion, including debt. This landmark transaction will see Atkore shareholders receive a significant payout of $95 per share in cash, representing a substantial premium and marking a pivotal moment for both companies in the rapidly evolving electrical and construction materials market.
Adapted from: WSJ.com: Markets