🔴 Prysmian drops 3.5% on investor concerns over $3.8B Atkore acquisition funding
PRYSMIAN
Prysmian is trading 3.5% down today at €115.95 after announcing the acquisition of U.S. electrical products maker Atkore for $3.8 billion.
The deal, which will be funded by a mix of debt and equity including treasury shares disposal, has raised investor concerns regarding leverage and potential dilution.
This significant M&A activity overshadows the company's recent strong Q2 earnings and raised 2026 profit forecast from last week.