Market Chatter: Prysmian Nears Deal to Buy US Electrical Manufacturing Company Atkore

11:32 PM EDT, 08/02/2026 (MT Newswires) -- Italian cable company Prysmian (PRY.MI) is close to reaching an agreement to acquire US electrical manufacturing company Atkore, Bloomberg News reported Sunday, citing people familiar with the matter. The unnamed sources told Bloomberg the parties are in advanced negotiations for the potential transaction. They cautioned that there is no guarantee that a deal will be finalized. Prysmian and Atkore did not immediately respond to requests for comments from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)