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Stock Market & Financial Investment News

News Breaks
December 3, 2012
10:27 EDTSPWSPX Corp. completes the sale of SPX Service Solutions business for $1.15B
SPX Corporation has completed the sale of its SPX Service Solutions business to Robert Bosch GmbH for approximately $1.15B, subject to working capital adjustments. The expected net proceeds of the acquisition are approximately $1B. SPX Corporation has reported this business unit as a discontinued operation since 1Q12.
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April 11, 2014
08:31 EDTSPWSPX Corp. announces sale of SPX Precision Components
SPX Corporation announced it has completed the sale of its Precision Components business to RFE Investment Partners and 24/6 Capital Partners for approximately $62M. Precision Components is an aerospace and defense manufacturer that provides engineered components and other parts to military and civilian aircraft programs. In SPX's most recent financial filings, the results of Precision Components were reported as discontinued operations for all periods presented. Loop Capital Markets LLC acted as a financial advisor to SPX on the transaction.

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