Prysmian in advanced talks to buy Atkore

Prysmian (PRYm) is in advanced negotiations to acquire U.S. electrical-products maker Atkore Inc. (ATKR) in an all-cash transaction. The discussions are described as being at a late stage, with the parties putting the final touches on a potential agreement. The deal could be announced in the coming days if the talks conclude successfully.

The negotiations are characterized as advanced, but there is no confirmation that a definitive agreement has been signed. The timing and outcome of the process remain subject to change until any formal announcement or regulatory filing is made.

Atkore’s shares have risen around 15% year-to-date, giving the U.S. company a market value of about $2.5 billion. This recent performance frames the scale of the potential transaction and indicates investor interest in the business ahead of any formal deal announcement.

Prysmian’s shares have gained more than a third this year, resulting in a market value of roughly €36.3 billion. The company’s larger size and recent share performance underline its financial capacity to pursue an all-cash acquisition of Atkore at the cited valuation level.

While the talks are described as being in an advanced phase, there is no public confirmation from either company about the status or terms of the transaction. The characterization of the discussions leaves open the possibility that they could be delayed or not result in a completed deal.

A representative for Prysmian declined to comment on the negotiations, and a representative for Atkore could not be immediately reached for comment. With no official statements, the details available are limited to the stage of the talks, the expected all-cash structure, and the current market valuations of the two companies.