Atkore files merger proxy for $95.00/share Prysmian acquisition

What happened

Atkore Inc., a manufacturer of electrical products including cable and conduit, filed a definitive proxy statement (DEFM14A) with the SEC on September 9, 2026, in connection with its proposed acquisition by Prysmian S.p.A., an Italian cable company.

The proxy statement schedules a special meeting of stockholders for October 7, 2026, to vote on the merger agreement. Under the terms, each share of Atkore common stock will be converted into the right to receive $95.00 in cash.

The merger agreement was signed on August 2, 2026. Atkore's board unanimously recommends stockholders vote 'FOR' the merger.

The stock closed at $94.16 on September 9, 2026, slightly above the previous close of $93.87, reflecting the cash offer price of $95.00.

Why this filing matters

The DEFM14A is the formal proxy statement that companies must send to shareholders before a vote on a merger or acquisition. It contains details about the deal, the companies involved, and the voting process.

Stockholders of record as of September 4, 2026, are entitled to vote. Approval requires the affirmative vote of a majority of outstanding shares; a failure to vote counts as a vote against the merger.

The special meeting will be held virtually via the internet. Stockholders can vote by internet, phone, mail, or by attending the virtual meeting.

What this means

If approved, Atkore will become a wholly owned subsidiary of Prysmian, and public stockholders will receive $95.00 per share in cash. The deal is structured as a merger where a Prysmian subsidiary, Trinity Merger Sub, will merge into Atkore.

In addition to the merger proposal, stockholders will vote on an advisory (non-binding) proposal regarding executive compensation related to the merger, and a proposal to adjourn the meeting if needed to gather more votes.

The cash consideration of $95.00 per share represents the price Prysmian is willing to pay for each Atkore share. The stock price trading near that level suggests investors see the deal as likely to close, though the merger still requires shareholder approval and other conditions.

This filing is a step in the regulatory process for a public company merger. It does not indicate that the deal is complete; rather, it is the document that allows shareholders to make an informed decision before voting.