ATKR Atkore Inc

Atkore International Group Inc. Announces Pricing of Secondary Public Offering of Common Stock

Atkore International Group Inc. (NYSE: ATKR) (the “Company”) today announced the pricing of an underwritten secondary public offering of 9,000,000 shares of common stock by selling stockholder CD&R Allied Holdings, L.P., an affiliate of Clayton, Dubilier & Rice, LLC, at a public offering price of $25.00 per share. The Company will not receive any proceeds from the sale of shares being sold in this offering. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock.

The offering is being made through an underwriting group led by Credit Suisse, Deutsche Bank Securities and J.P. Morgan, who are acting as joint book-running managers and as representatives of the underwriters for the offering. UBS Investment Bank, Citigroup, RBC Capital Markets and Wells Fargo Securities are acting as additional joint book-running managers for the offering.

Copies of the prospectus may be obtained from:

  • Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, via telephone: (800) 221-1037, or via email: [email protected];
  • Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005, via telephone: (800) 503-4611, or via email: [email protected];
  • J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, or via telephone: (866) 803-9204; or
  • UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, or via telephone: (800) 827-7275.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

About Atkore International Group Inc.

Atkore International Group Inc. is a leading manufacturer of Electrical Raceway products primarily for the non-residential construction and renovation markets and Mechanical Products & Solutions for the construction and industrial markets. The Company manufactures a broad range of end-to-end integrated products and solutions that are critical to its customers’ businesses and employs approximately 3,100 people at 52 manufacturing and distribution facilities worldwide. The Company is headquartered in Harvey, Illinois.

Forward-Looking Statements

This press release includes “forward-looking statements,” including with respect to the proposed secondary public offering, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “comfortable with,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

EN
17/02/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Atkore Inc

 PRESS RELEASE

Atkore Inc. Announces Scott Teerlinck Joins as President-Commercial Op...

HARVEY, Ill.--(BUSINESS WIRE)-- Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced Scott Teerlinck will join in the newly created role of President-Commercial Operations, effective April 1, 2025. This press release features multimedia. View the full release here: Scott Teerlinck, President-Commerical Operations, Atkore (Photo: Business Wire) Mr. Teerlinck will oversee the Electrical Sales organization that is currently led by Ms. Melissa Kidd, who previousl...

 PRESS RELEASE

Atkore Inc. Announces Divestiture of Northwest Polymers Recycling Busi...

HARVEY, Ill.--(BUSINESS WIRE)-- Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced the sale of Northwest Polymers, a post-industrial and post-commercial plastic recycler based in Molalla and Aurora, Oregon. Bill Waltz, Atkore President and CEO, noted, “Atkore continually reviews the strategic direction of all aspects of our business, including potential acquisitions and divestitures. The sale of Northwest Polymers aligns with our disciplined approach to cap...

 PRESS RELEASE

Atkore Inc. Announces Participation at Upcoming Investor Conferences

HARVEY, Ill.--(BUSINESS WIRE)-- Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that it will participate in the following upcoming conferences: Citi’s Global Industrial Tech and Mobility Conference, February 18, 2025, Miami Beach – Bill Waltz, President and Chief Executive Officer, and John Deitzer, Chief Financial Officer, are scheduled to participate in a fireside chat and investor meetings. A webcast link of the live fireside chat, scheduled for 2:4...

 PRESS RELEASE

Atkore Inc. Announces First Quarter 2025 Results

HARVEY, Ill.--(BUSINESS WIRE)-- Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR) announced earnings for its fiscal 2025 first quarter ended December 27, 2024. “Atkore’s first quarter results were in line with the projections for Net sales, Adjusted EBITDA and Adjusted Diluted EPS we presented in November,” said Bill Waltz, Atkore President and Chief Executive Officer. “I am proud to highlight our net sales from our metal framing, cable management and construction services product area increased mid-single digits from the prior year. As we look forward to the next three quarters we antici...

 PRESS RELEASE

Atkore Inc. Declares Quarterly Dividend

HARVEY, Ill.--(BUSINESS WIRE)-- The Board of Directors of Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on February 28, 2025, to stockholders of record on February 18, 2025. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.2B in sales in fiscal ye...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch