Atkore explores potential sale after activist pressure, Bloomberg News reports

Atkore

19/11/2025 19:06

Nov 19 (Reuters) - Electric component maker Atkore ATKR.N 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 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, was urging the board to explore a potential sale.

Atkore 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 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 shares are down nearly 20% this year.

 (Reporting by Parth Chandna; Editing by Shreya Biswas)

 ((Parth.Chandna@thomsonreuters.com;))