Atkore International Group Prices Offering Below Range

By Caitlin HustonMarketsMarketWatch Pulse

Atkore International Group , a manufacturer of electrical raceway products, priced its offering at $16 Thursday night, below its initial range of $20 to $22. CD&R Allied Holdings, a stockholder in the company, sold 12 million shares to raise about $192 million. The company won't receive any of the proceeeds from the sale. Credit Suisse, Deutsche Bank Securities and J.P. Morgan are the lead underwriters. Shares are expected to being trading Friday on the New York Stock Exchange under the symbol "ATKR."

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