SPX Flow gains after report of multiple interest
Nov. 23, 2021 10:47 AM ETGlobal X U.S. Cash Flow Kings 100 ETF (FLOW)IRBy: Joshua Fineman, SA News Editor1 Comment
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- SPX Flow (NYSE:FLOW) rose 3.4% after a report that the company is seeing a lot of interest in its sales process.
- Offers for SPX Flow (FLOW) are in the low to mid $90s, with one likely close to $97, according to a CTFN report.
- The latest report comes after Bloomberg reported on Friday that private equity firm Lone Star Funds is evaluating a possible offer. SPX announced in late July that it started a strategic review after rejecting an $85/share offer from Ingersoll-Rand (NYSE:IR).
- Earlier this month, SPX FLOW EPS beats by $0.09, beats on revenue.
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joezapp
23 Nov. 2021
85 was too low, but 97 would likely get accepted.