Added to YB: 2026-09-15
Pitch date: 2026-09-12
ATKR [neutral]
Atkore Inc.
+0.01%
current return
Author Info
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Company Info
Atkore Inc. engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally.
Market Cap
$3.2B
Pitch Price
$94.06
Price Target
95.00 (+1%)
Dividend
1.40%
EV/EBITDA
12.46
P/E
-19.50
EV/Sales
1.28
Sector
Electrical Equipment
Category
special_situation
$ATKR: a bidder offered 72 dollars if it could skip the lawsuits
ATKR (quick overview): Atkore is being acquired by Prysmian for $95 cash, just 0.9% above the September 10 close, offering little compensation for deal risk. Bidder B had proposed $72-$77 assuming no antitrust liability, then withdrew despite $186.5 million of purchaser-class settlements, implying unresolved exposure beyond the settled $5.52 per share. The DOJ investigation continues, while the deal has an August 2027 outside date and no parent termination fee.
Read full article (2 min)