SPX Flow Explores Strategic Alternatives, Including Sale

(RTTNews) - Process technology solutions provider SPX Flow, Inc. (FLOW) on Monday said it is exploring strategic alternatives including a possible sale or merger of the company.

Earlier the company had rejected an unsolicited proposal from Ingersoll Rand Inc. (IR) to acquire all stocks of SPX Flow for $85 per share, which was followed by another offer of $81.50 per share.

The company's Board rejected the proposals seeing more value to the company considering its potential for increased profit margins and growth.

The company's Board is currently reviewing a wide range of strategic initiatives, after seeing further inquiries from interested parties.