POTENTIAL DEAL DETAILS
|Stock||SPX FLOW, Inc.||Symbol||FLOW|
|Date Announced||07/19/2021||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Lone Star Funds|
|Date of Confirmation:||12/13/2021||Price at Confirmation:||$85.64|
|Potential Profit:||12.79%||Annualized Profit:||31.75%|
Ingersoll Rand Inc. (IR), a global provider of industrial solutions, confirmed that on June 10, 2021, it made an all-cash non-binding proposal to the Board of Directors of SPX Flow, Inc. (FLOW) to acquire SPX Flow for $85 per share.
July 19, 2021: SPX FLOW, Inc. (FLOW), a leading provider of process solutions, confirmed its Board of Directors previously received and rejected an unsolicited, conditional, non-binding proposal from Ingersoll Rand Inc. (IR) to acquire all outstanding shares of SPX FLOW common stock for $85.00 per share in cash.
July 26, 2021: SPX FLOW, Inc. (FLOW), a leading provider of process solutions, announced that its Board of Directors has authorized a review of strategic alternatives, including a possible sale or merger of the Company and the continued execution of the Company’s standalone strategy.
December 13, 2021: SPX FLOW, Inc. (FLOW), announced it entered into an agreement to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $3.8 billion, including the assumption of debt.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.