Why Atkore Stock Soared Today
Shares of Atkore (NYSE: ATKR) spiked on Monday after the electrical products manufacturer agreed to be acquired by (OTC: PRYMY), a leading provider of power cables and other energy connection solutions, for roughly $3.8 billion.
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Under the terms of the deal, investors would receive $95 in cash for each share of Atkore stock they own. That's a premium of about 30% to Atkore's closing price on Friday.
Source Fool.com
