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0 0 0 0 0.0179500083878543 0.016552032656713 0.00654252642174125 0.00162165184812387
Stock impact report

Lone Star Announces Sale of SPX FLOW to ITT Inc.

ITT Inc. (ITT) 
Last itt inc. earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: itt.com/investors
Company Research Source: Business Wire
DALLAS & NEW YORK & LONDON & TOKYO--(BUSINESS WIRE)--Lone Star Funds (“Lone Star”) today announced the signing by an affiliate of Lone Star Fund XI, LP of a definitive agreement to sell SPX FLOW, Inc. (“SPX FLOW”), a leading provider of highly engineered equipment and process technologies for attractive end markets including industrial, health and nutrition, to ITT Inc. (NYSE: ITT) for $4.775 billion in cash and shares of common stock.Based in Charlotte, N.C., SPX FLOW focuses on process technologies delivering mixing, blending, fluid handling, separation, thermal heat transfer and other solutions integral to industrial, health and nutrition markets. The company has operations in more than 25 countries and sales in more than 140 countries.In partnership with Lone Star, SPX FLOW has focused on improving its sales execution and operating platform, while ensuring high quality and innovative product development. The management team has improved the company’s commercial organization an Show less Read more
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