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Atkore explores potential sale after activist pressure, Bloomberg News reports
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Atkore explores potential sale after activist pressure, Bloomberg News reports
Nov 19, 2025 12:39 PM

Nov 19 (Reuters) - Electric component maker Atkore ( ATKR )

is considering options including a potential sale after

it came under activist investor pressure, Bloomberg News

reported on Wednesday, citing people familiar with the matter.

Atkore's ( ATKR ) shares rose more than 2% following the news,

bringing its market value to about $2.19 billion.

The company did not immediately respond to Reuters'

request for comment.

Bloomberg News reported in September that Irenic Capital

Management, an activist investor holding a 2.5% stake in Atkore ( ATKR ),

was urging the board to explore a potential sale.

Atkore ( ATKR ) had also said in September it was exploring the

potential sale of its high-density polyethylene pipe and conduit

business, which serves the telecommunications market and several

other non-electrical infrastructure-focused assets.

In August, Atkore ( ATKR ) missed its third-quarter revenue

estimates, according to data compiled by LSEG.

The company's core electrical infrastructure portfolio

includes product lines and businesses from both its electrical

and its safety and infrastructure segments.

Atkore's ( ATKR ) shares are down nearly 20% this year.

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