ITT Inc. has agreed to acquire industrial equipment manufacturer SPX Flow Inc. from Lone Star Funds in a $4.775 billion cash and stock deal.
UKRAINE - 2019/02/24: In this photo illustration, the SPX Flow Technology company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)
ITT Inc. is in advanced talks to buy SPX Flow Inc. in a transaction valuing the industrial equipment manufacturer at more than $4.5 billion, according to people familiar with the matter.
ITT Inc. is in advanced talks to buy SPX Flow Inc. in a transaction valuing the industrial equipment manufacturer at more than $4.5 billion, according to people familiar with the matter.