Ingersoll Rand Inc.’s sweetened offer to buy SPX Flow Inc. for $3.59 billion was rejected again by the target’s board, which called the bid insufficient.
The $85-a-share proposal, a 37% premium to SPX’s closing price on July 16, was made June 10, Ingersoll Rand said in a statement Monday. If Ingersoll could seal a deal for the Charlotte, North Carolina-based pump maker, it would be the company’s biggest acquisition since at least 2015, according to data compiled by Bloomberg.
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July 19, 2021 at 06:59PM
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Ingersoll Rand (IR:US) Offers $3.59 Billion to Buy Pump Maker SPX Flow (FLOW:US) - Bloomberg
"flow" - Google News
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