Deals
Lone Star Weighs Offer for Industrial Pump Maker SPX Flow
- SPX Flow rejected takeover offer from Ingersoll Rand in July
- The company hired Morgan Stanley to run a strategic review
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Lone Star Funds is considering a bid for industrial pump and valve maker SPX Flow Inc., according to people with knowledge of the matter.
The Dallas-based firm is preparing to submit a bid this month for SPX Flow, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Other bidders could emerge, they added. SPX Flow is currently running a strategic review of the company, working with Morgan Stanley, after rejecting in July a $3.59 billion takeover bid by Ingersoll Rand Inc.