India, Aug. 3 -- Atkore Inc. (ATKR) shares jumped $20.50, or 28.10 percent, to $93.46 on Monday, after the electrical products maker reported third-quarter results and announced it has agreed to be acquired by Italy's Prysmian S.p.A. in an all-cash deal valued at approximately $3.8 billion. The stock opened at $93.40 and traded between $93.32 and $93.60 during the session on the New York Stock Exchange. It has traded in a 52-week range of $53.49 to $93.60. Trading volume reached 4.29 million shares, compared with an average daily volume of 0.42 million shares.
Under the agreement, Atkore shareholders will receive $95.00 per share in cash, representing a 30 percent premium to the company's July 31 closing price. The transaction is expected ...