SPX Flow Shares Gain As It Explores Strategic Options

SPX Flow Shares Gain As It Explores Strategic Options
  • SPX Flow Inc FLOW reviews strategic alternatives, including a possible sale of the company.
  • Recently, the company received and rejected a revised $85 per share proposal from Ingersoll Rand Inc. IR. Ingersoll Rand's original offer on May 27, 2021, was $81.50 per share for SPX Flow.
  • Considering the additional inquiries from interested parties, the Board believed it is appropriate to initiate its review of a broad range of strategic options.
  • It expects to engage with multiple parties with the assistance of outside advisors.
  • Morgan Stanley & Co. LLC serves as SPX FLOW's financial advisor, and Winston & Strawn LLP is acting as its legal advisor.
  • Price action: FLOW shares are trading higher by 8.84% at $82.85 on the last check Monday.
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