financetom
Business
financetom
/
Business
/
Atkore explores potential sale after activist pressure, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brazil's BRF confident bird flu crisis will be over soon
Brazil's BRF confident bird flu crisis will be over soon
Jun 5, 2025
SAO PAULO (Reuters) - Brazilian food processor BRF is confident local companies will be able to circumvent chicken trade bans in a matter of days as local authorities have so far been able to control a bird flu outbreak in the world's largest chicken-exporting nation. Speaking at an industry event in Sao Paulo on Thursday, BRF's vice president for quality,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
PVH Stock Plunges After Cutting Full-Year Guidance Despite Q1 Beat
PVH Stock Plunges After Cutting Full-Year Guidance Despite Q1 Beat
Jun 5, 2025
PVH Corp. ( PVH ) shares are trading lower after the company lowered its full-year earnings outlook and issued weaker-than-expected second-quarter guidance. What To Know: The apparel giant, which owns Calvin Klein and Tommy Hilfiger, reported first-quarter adjusted earnings of $2.30 per share, slightly above the $2.25 consensus estimate. Revenue came in at $1.98 billion, ahead of the expected $1.93...
Suzano's deal with Kimberly-Clark was on dependent on JV, says CEO
Suzano's deal with Kimberly-Clark was on dependent on JV, says CEO
Jun 5, 2025
SAO PAULO, June 5 (Reuters) - Brazilian pulp maker Suzano preferred to pursue a joint venture model with Kimberly-Clark ( KMB ) as it would enable a combination of complementary competencies, mitigate risks and have minimal impact on its leverage ratio, CEO Beto Abreu told Reuters on Thursday. Earlier in the day, Suzano said in a securities filing it has...
Copyright 2023-2026 - www.financetom.com All Rights Reserved