Prysmian to Buy Atkore for $3.8B in All-Cash Deal

Italian cable maker Prysmian will acquire U.S.-based Atkore for $95 per share in cash, Reuters reports. The deal carries an enterprise value of roughly $3.8 billion — a figure that adds equity to assumed debt minus cash. Prysmian wants to expand beyond power and telecom cables into Atkore's electrical raceway and mechanical products.