SPX Corporation Completes Schonstedt Transaction

SPX Corporation completed the acquisition of Schonstedt on March 1, 2018. The transaction resulted in a non-recurring inventory step-up charge reported in the Detection and Measurement segment.

“during the three months ended March 31, 2018, the Company included an adjustment to Core segment income (loss) for the exclusion of a non-recurring charge associated with the step-up of inventory (to fair value) acquired in connection with the Schonstedt transaction that was completed on March 1, 2018.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.