Prysmian's $95-Per-Share Offer Sends Atkore Stock Flying 27%
Atkore (ATKR) stock jumped 27% premarket after Prysmian agreed to acquire the electrical maker in a $3.8B cash deal at $95/share.
A bigger company offered to buy Atkore for $95 per share, and Atkore's stock price jumped up a lot because investors think that's a good deal. When a company gets bought, it's a big change—think about whether the buyer is strong and if this makes sense for both businesses.
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