M&A
confidence high
sentiment positive
materiality 0.90
Atkore to be acquired by Prysmian for $95/share (~$3.8B); Q3 adjusted EPS $1.92
Atkore Inc.
- Acquisition by Prysmian for $95.00/share, enterprise value ~$3.8B, all-cash.
- Q3 net sales $794.8M (+8.1% YoY); adjusted EPS $1.92 (+$0.29 YoY).
- GAAP net income $0.7M ($0.02 diluted EPS) due to $50M litigation settlement.
- Quarterly dividend $0.33/share, payable Aug 28 to holders of record Aug 18.
- Company withdraws guidance due to pending transaction; conference call rescheduled.