Prysmian to Acquire Atkore for $95/Share in $3.8 Billion Cash Deal

Italian cable maker Prysmian announced plans on August 3, 2026 to acquire U.S.-based Atkore Inc. for $95 per share in cash, an all-cash deal with an implied enterprise value of roughly $3.8 billion, according to Reuters. Enterprise value includes equity plus assumed debt net of cash. Prysmian aims to broaden beyond power and telecom cables into Atkore's electrical raceway and mechanical products.