SPX 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.
SPX Corp. downgraded to Market Perform from Outperform at FBR Capital FBR Capital downgraded SPX Corp. to Market Perform with a $99 price target following the company's Q3 results. Shares were also downgraded this morning at Goldman Sachs.