Prysmian S.p.A. (BIT: PRY) announced a definitive agreement to acquire Atkore Inc. (NYSE: ATKR) for $3.3 billion, with the deal announced on August 3, 2026. Atkore is the named target in the transaction.
For shareholders, a definitive agreement typically means a fixed price is on the table. The stock will likely trade around deal terms until close. Short sellers — who currently hold about 4% of Atkore's free float, or roughly 1.24 million shares — face a different dynamic. With cost to borrow at just 0.51% and availability remaining relatively loose, the short side is not under immediate pressure, but any short position held through a completed acquisition would be forced to cover at the deal price.
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