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Lone Star to Buy Pumpmaker SPX Flow for $3.8 Billion

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Lone Star Funds agreed to buy industrial pump and valve maker SPX Flow Inc. for $3.8 billion including assumed debt, the latest deal in the manufacturing industry.

SPX Flow investors will get $86.50 a share in cash, the companies said Monday, 1% higher than Friday’s closing price. The deal is a premium of 39% over SPX’s closing price on July 16, before news of a possible deal was first reported.