Divestiture Oct 2014 Verified
SPX Corporation Divests EGS Electrical Group Joint Venture Interest
SPX Corporation disclosed that it sold its interest in the EGS Electrical Group, LLC and Subsidiaries joint venture. The gain on this sale is being excluded from adjusted financial metrics, indicating the transaction has been completed.
“excluding the impact of taxes paid on the gain on the sale of our interest in the EGS Electrical Group, LLC and Subsidiaries (“EGS”) joint venture”
Entities
EGS Electrical Group, LLC and Subsidiaries · Subsidiary SPX Corporation · Parent
Electrical Sentiment: Neutral
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