💰 ATKR rockets +27% premarket — Prysmian’s $3.8B all-cash buyout at $95/share
Electrical conduit maker Atkore Inc. ($ATKR) is surging in premarket after Italian cable giant Prysmian agreed to acquire the company at $95/share cash — a ~30% premium to Friday’s close of $72.96. The $3.8B deal is expected to close by end of 2026 pending shareholder and regulatory approvals; the board unanimously signed off. This is a pure M&A pop with the offer price already set. Not financial advice. Would you buy ATKR here at the spread, or is 30% premium already priced in?
⚡ 11 buzzing
154 views
🔔 0 subscribed