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2021-07-19

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SPX Flow rebuffs Ingersoll Rand acquisition offer -sources

July 18 (Reuters) - SPX Flow Inc, a U.S. provider of manufacturing equipment for the nutrition, heal

SPX Flow rebuffs Ingersoll Rand acquisition offer -sources

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SPX Flow shares ended trading at $62.09 on Friday, giving the company a market capitalization of $2.6 billion.</p>\n<p>Ingersoll Rand has no plans to make a hostile offer for SPX Flow, and it is not clear if it will submit a new bid, the sources added.</p>\n<p>Ingersoll Rand declined to comment. SPX Flow was not immediately available for comment. The Wall Street Journal first reported on Sunday on Ingersoll Rand's approaches to SPX Flow.</p>\n<p>Charlotte, North Carolina-based SPX Flow was spun out of air conditioning and power equipment maker <a href=\"https://laohu8.com/S/SPXC\">SPX Corp</a> in 2015.</p>\n<p>Ingersoll Rand was put together last year through the merger of peer Gardner Denver with Ingersoll Rand Plc's industrial business. Last month, it sold its golf cart business to private equity firm Platinum Equity for $1.68 billion. 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SPX Flow shares ended trading at $62.09 on Friday, giving the company a market capitalization of $2.6 billion.\nIngersoll Rand has no plans to make a hostile offer for SPX Flow, and it is not clear if it will submit a new bid, the sources added.\nIngersoll Rand declined to comment. SPX Flow was not immediately available for comment. The Wall Street Journal first reported on Sunday on Ingersoll Rand's approaches to SPX Flow.\nCharlotte, North Carolina-based SPX Flow was spun out of air conditioning and power equipment maker SPX Corp in 2015.\nIngersoll Rand was put together last year through the merger of peer Gardner Denver with Ingersoll Rand Plc's industrial business. Last month, it sold its golf cart business to private equity firm Platinum Equity for $1.68 billion. 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SPX Flow rebuffs Ingersoll Rand acquisition offer -sources

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