ALFVY - SPX FLOW Highlights Some Ongoing Turbulence In Flow/Process Control
- SPX FLOW's fourth quarter results looked weak compared to the broader industrial sector, but results were impacted by increased project selectivity and slower recoveries in project-related orders.
- Management apparently saw few options to significantly accelerate its self-improvement plan and opted to take a cash offer that gives investors a nice premium.
- Given the gap between the deal price and today's share price, there's little reason to hold SPX FLOW through to the close of the deal.
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SPX FLOW Highlights Some Ongoing Turbulence In Flow/Process Control