SPX Corporation Announces Tax-Free Spin-Off of Flow Business

SPX Corporation's Board of Directors unanimously approved a plan to spin off its Flow business into a new standalone, publicly traded company. The transaction is structured as a tax-free spin-off.

“On October 29, 2014, SPX Corporation issued a press release announcing that its Board of Directors had unanimously approved a plan for a tax-free spin-off of its Flow business into a new standalone, publicly traded company.”

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