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Why Atkore Stock Soared Today
The Motley Fool·
Prysmian agreed to acquire electrical products manufacturer Atkore for approximately $3.8 billion, offering $95 per share in cash—a 30% premium to Friday's closing price. The deal aims to create a comprehensive electrical solutions provider positioned to capitalize on AI infrastructure buildout and electrification trends, with expected closure by end of 2026.
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