Atkore International Group Inc. announces an Equity Buyback for $375 million worth of its shares.
January 22, 2018 at 06:10 am EST
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Atkore International Group Inc. (NYSE:ATKR) announces a share repurchase program. Under the program, the company will repurchase up to 17,000,000 shares, at per share price equal to $21.77 for $375 million. The share will be purchased from CD&R Allied Holdings, L.P., subject to terms and condition set forth in the stock purchase agreement.
Atkore Inc. is a manufacturer of electrical products for commercial, industrial, data center, telecommunications and solar applications. The Company's segments include electrical, and safety and infrastructure. The electrical segment manufactures products used in the construction of electrical power systems, including conduit, cable and installation accessories, and serves contractors in partnership with the electrical wholesale channel. The safety and infrastructure segment designs and manufactures solutions, including metal framing, mechanical pipe, perimeter security and cable management for the protection of infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users. Its products and services include Toggle Dropdown, Conduit, Traffic Products and Cable Tray Systems. It manufactures products in approximately 49 facilities and operates a total of 7.5 million square feet of manufacturing and distribution space in eight countries.
ATKORE INC. 
