Prysmian in advanced talks to acquire Atkore

Italy’s Prysmian is in advanced talks to acquire Atkore Inc. in an all-cash transaction. The discussions are described as being in their final stages, with the parties putting the last touches on a potential agreement. A deal could be announced in the coming days if negotiations are successfully concluded.

People familiar with the matter indicate that, despite the advanced stage of the talks, there is still a possibility that the process could be delayed or fail. No definitive price per share, financing structure, or closing timetable has been publicly disclosed at this stage.

Prysmian, a major cable manufacturer based in Italy, has not provided official confirmation or details of the talks. A representative for Prysmian declined to comment, and Atkore representatives could not be immediately reached, underscoring that the situation remains fluid until any formal announcement is made.

Atkore is headquartered in Harvey, Illinois, and produces products and systems used to route and protect electrical wiring. Its offerings serve as key components in electrical infrastructure, supporting the protection and organization of wiring in various applications.

In equity markets, Atkore’s shares have risen around 15% this year in New York trading. This share performance gives the company a market value of about $2.5 billion. The rise in its valuation forms part of the backdrop to the current takeover discussions.

Prysmian’s own shares have gained more than a third this year. This increase places the Italian cable maker’s market value at approximately €36.3 billion. The strong share performance reflects its current scale and market standing as it considers a potential acquisition of Atkore.

The difference in market capitalization between Prysmian and Atkore highlights the relative size of the potential buyer and target. An all-cash structure, if finalized, would see Prysmian deploy financial resources to expand its presence in the market for electrical infrastructure products.

While the talks are advanced, the absence of a signed agreement means that the outcome is not yet certain. People familiar with the situation emphasize that negotiations could still face delays or may not result in a transaction.

No details have been released on regulatory approvals or integration plans, and there has been no official communication from either company beyond the lack of comment. Market participants tracking Prysmian and Atkore are therefore focused on the prospect of a near-term announcement, while recognizing that the process may still change or halt.