On August 3, Italy-based cable manufacturing giant Prysmian announced that it had reached a final merger agreement to acquire American electrical equipment manufacturer Atkore for $95 per share in cash. Under the terms of the deal, Atkore's implied corporate value is approximately $3.8 billion. The deal will expand Prysmian's presence in North America and accelerate its transformation into a comprehensive electrical solutions provider.

On August 3, Italy-based cable manufacturing giant Prysmian announced that it had reached a final merger agreement to acquire American electrical equipment manufacturer Atkore for $95 per share in cash. Under the terms of the deal, Atkore's implied corporate value is approximately $3.8 billion. The deal will expand Prysmian's presence in North America and accelerate its transformation into a comprehensive electrical solutions provider.