๐ฐ Atkore $ATKR rips +28% as Prysmian agrees to $95/share buyout plus Q3 earnings beat
Double catalyst: Atkore posted Q3 adjusted EPS of $1.92, topping the $1.78 estimate, while Italian cable giant Prysmian announced an all-cash acquisition at $95/share โ a 30% premium to last Friday's close. Revenue of $794.8M also beat expectations of $781M. Shareholders get a guaranteed exit at $95 โ but does this deal feel like Prysmian getting a bargain on an electrification play? Not financial advice.
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