Why SPX Flow Stock Is Soaring Higher Today

·2-min read
Why SPX Flow Stock Is Soaring Higher Today

Shares of SPX Flow (NYSE: FLOW) climbed as much as 13% on Monday after the company said it was exploring a possible sale. SPX Flow is a maker of tools that allow for precise measuring and flow, with more than 20 brands making products for industrial and health uses. It said it has received an unsolicited proposal to be acquired by Ingersoll Rand (NYSE: IR) for $85 per share, but said that offer was rejected.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting