RTTNews | Jul 26, 2021 10:03AM EDT

10:03 Monday, July 26, 2021 (RTTNews.com) - Shares of SPX Flow Inc. (FLOW) are gaining over 10% on Monday morning after the company said it is exploring alternatives, including a possible sale of company.

FLOW is currently trading at $84.00, up $7.88 or 10.35%, on the Nasdaq.

SPX Flow, a provider of process solutions, announced that its Board of Directors has authorized a review of strategic alternatives, including a possible sale or merger of the company and the continued execution of the company's standalone strategy.

Previously, SPX Flow had received and rejected an unsolicited proposal from Ingersoll Rand Inc. (IR) to acquire the company for $85.00 per share. This followed a similar unsolicited proposal from Ingersoll Rand for $81.50 per share.

Read the original article on RTTNews ( https://www.rttnews.com/3211867/spx-flow-jumps-10-as-it-seeks-possible-sale-of-company.aspx)

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