Why is Atkore International stock surging today?

First publishedAug 3, 08:11 UTC

Last updatedAug 3, 15:14 UTC · 9m ago

208:11–08:25 UTC2 outletsInvesting.com · Stock Market

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Investing.com · Stock Market6Why is Atkore International stock surging today?Aug 3, 08:11 UTCOpen ↗Investing.com · Stock Market6Why is Prysmian stock falling today?Aug 3, 08:25 UTCOpen ↗

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Investing.com -- Prysmian stock slid nearly 2.0% to trade at €117.85 after the Milan-based cable maker formally announced it had entered into a definitive agreement to acquire U.S. electrical infrastructure products company Atkore Inc. for $95.00 per share in cash, implying an enterprise value of approximately $3.8 billion. The deal, unanimously approved by both companies’ boards, represents a premium of roughly 30% to Atkore’s most recent closing price and is targeted to close by year-end 2026.

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  Investing.com · Stock MarketAug 3, 08:25

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