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News Breaks
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.
News For SPW From The Last 14 Days
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October 30, 2014
10:02 EDTSPWOn The Fly: Analyst Downgrade Summary
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05:24 EDTSPWSPX 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.
05:23 EDTSPWSPX Corp. downgraded to Neutral from Buy at Goldman
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October 29, 2014
06:35 EDTSPWSPX Corp. announces plan for tax-free spin-off of Flow business
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