Atkore Inc. has expanded the scope of its strategic alternatives review to include assets outside of its core electrical infrastructure portfolio.
The Board and management team will consider various options, including a potential sale or merger of the entire company, to maximize shareholder value.
The company has entered into a cooperation agreement with Irenic Capital Management to enhance its review process.
Expanded Review
Atkore is exploring options beyond its core electrical infrastructure portfolio to enhance shareholder value.
Cooperation Agreement
The cooperation with Irenic Capital Management aims to add valuable insight to the Board's strategic evaluation.
Board Expansion
Franklin Edmonds will join the Board, increasing its size to ten directors with a focus on reviewing strategic alternatives.
- The expanded review signifies a proactive approach by Atkore to unlock additional value for shareholders.
- The appointment of a new Board member and formation of a Strategic Review Committee highlight the company's commitment to a thorough evaluation process.
Atkore's strategic review process, coupled with the addition of new Board members, demonstrates a strong commitment to enhancing shareholder value and exploring potential opportunities for growth.