Activist Irenic takes a stake in Atkore, urges company to consider a sale

1. Irenic Capital acquired 2.5% stake in Atkore, urging a sales process. 2. Atkore's revenue declined from $3.9 billion to $2.9 billion post-pandemic. 3. CEO Bill Waltz's sudden retirement raises concerns about Atkore's leadership. 4. Strategic review initiated for non-core asset sales amid pressure for restructuring. 5. Activism may lead to new board members focusing on operational efficiency.