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Divestiture Oct 2014 Verified

SPX Corporation Divests Thermal Products Solutions Business

SPX Corporation disclosed the sale of its Thermal Products Solutions business. The gain on this sale is being excluded from adjusted financial metrics, indicating the transaction has been completed.

“as well as the gains on sale of our Thermal Products Solutions and SPX Precision Components businesses”

Entities

SPX Corporation · Parent Thermal Products Solutions · Subsidiary
HVAC Sentiment: Neutral

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.