M&A · Industrials · Miscellaneous Electrical Machinery, Equipment & Supplies
Prysmian S.p.A. to acquire Atkore Inc.
Announced Aug 3, 2026 · Closed Oct 19, 2026
Deal value$3.80BEV $3.80B
Premium30.0%To unaffected price
EV / Adj. EBITDA11.4x1.3x EV / Revenue
ConsiderationAll cash$95.00 per share
Transaction
- Acquirer
- Prysmian S.p.A. (PRYMF)
- Target
- Atkore Inc. (ATKR)
- Buyer type
- Strategic
- Offer price per share
- $95.00
- Enterprise value
- $3.80B
- Status
- Closed Oct 19, 2026
Deal protections
- Break fee (target pays)
- $116M · 3.1%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Citigroup, JPMorgan
- Citigroup fee
- $4.0M
- JPMorgan fee
- $21.5M
Sector context · Industrials
- Comparable deals
- 95 in the prior 24 months
- Premium
- 30.0% vs. 36.5% sector median
- EV / Adj. EBITDA
- 11.4x vs. 11.6x sector median
- Break fee
- 3.1% vs. 2.9% sector median
Timeline
- AnnouncedAug 3, 2026
- Proxy filedAug 28, 2026
- Definitive proxySep 9, 2026
- Shareholder voteOct 7, 2026
- ClosedOct 19, 2026
Valuation · fairness opinions
Discounted cash flowCitigroup$74.90$98.05
Discounted cash flowCitigroup$76.65$99.80
Trading comparablesCitigroup$65.70$104.35
Precedent transactionsCitigroup$74.55$93.45
Trading comparablesJPMorgan$61.75$88.50
Precedent transactionsJPMorgan$67.00$92.25
Discounted cash flowJPMorgan$84.25$119.50
Offer $95.00
Implied value per Atkore Inc. share by analysis, from Citigroup and JPMorgan · DCF discount rate 11.3%–12.9%.