Atkore

The waiting period under the Hart-Scott-Rodino Act for Prysmian’s planned takeover of Atkore has expired, fulfilling an important regulatory condition. The merger remains subject to other customary conditions, including approval by Atkore shareholders and additional regulatory clearances. Prysmian is offering $95 per share, valuing Atkore at about $3.8 billion; the stock was trading near its 52-week high and analysts adjusted their estimates. » Mere på de.investing.com

Atkore shares rose to a 52-week high of $94.14, driven by strong growth of +64% over the past year, +54% in six months and +50% year‑to‑date. The company beat analysts' expectations for Q3 2026 and three analysts raised their earnings estimates. Prysmian announced a cash takeover agreement at $95 per share, implying an enterprise value of about $3.8 billion and a premium of roughly 30%. Roth/MKM downgraded Atkore to neutral but increased the price target to $92. InvestingPro sees the stock near its fair value with a market capitalization of $3.18 billion. » Mere på de.investing.com

Atkore shares rose to a new 52-week high of $93.84, leaving the stock up about 74% year to date. The company beat analysts' expectations in the third quarter, and a definitive takeover agreement by Prysmian at $95 per share was announced, implying an enterprise value of roughly $3.8 billion and a significant premium. Following these developments, Roth/MKM downgraded the rating to "Neutral" but raised the price target from $85 to $92. » Mere på de.investing.com