RTTNews | Jul 26, 2021 06:42AM EDT

06:41 Monday, July 26, 2021 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3211738/spx-flow-explores-strategic-alternatives-including-sale.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved