ITT Near $4.5 Billion-Plus Deal for Lone Star’s SPX Flow

ITT Inc. is in advanced talks to buy SPX Flow Inc. in a transaction valuing the industrial equipment manufacturer at more than $4.5 billion, according to people familiar with the matter.

A deal for the Charlotte, North Carolina-based company backed by Lone Star Funds could be announced within days, said the people, who asked not to be identified because the information was private.