MILAN, Italy — Prysmian stated that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the proposed acquisition of Atkore expired on September 14, 2026. As a result, the transaction has been cleared for U.S. antitrust purposes. The transaction remains subject to approval by Atkore’s shareholders holding at least a majority of the outstanding shares, other regulatory approvals, and customary conditions.
The $3.8 billion transaction was announced in early August and is currently targeted to close by calendar year-end 2026.
When tED originally announced the transaction, Atkore provided this strategic rationale:
Prysmian and Atkore’s combined solutions will create a one-stop shop in North America that will simplify and accelerate electrification and data center roll-out for customers. The transaction will expand Prysmian’s product and service offering in North America and broaden its portfolio with complementary electrical infrastructure products. In addition, it will further enhance Prysmian’s exposure to long-term structural growth trends in electrification and data center investment. The combination will create a leading integrated electrical infrastructure solutions provider, enabling Prysmian to serve its customers more comprehensively through complementary products, an expanded commercial offering and deeper customer relationships.
Tagged with acquisition, Atkore, Prysmian