- SPX Flow Inc (NYSE: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. (NYSE: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.
Terreno Realty Corporation Sells Property In East Hanover, New Jersey For $32.7M
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in East Hanover, New Jersey on October 12,
