Entries tagged "SPX Corp."

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SPX shareholder bemoans acquisition strategy

Relational Investors says the manufacturing company should improve margins or consider a sale. Continue reading

Posted on February 25, 2013 3:23 PM

UTC sells pump units, wins regulatory approval on Goodrich

BC Partners and Carlyle will pay $3.5 billion for the business, delivering a key component in UTC's plan to finance its $16.5 billion acquisition of Goodrich Continue reading

Posted on July 26, 2012 11:49 AM

UTC reports progress on divestitures

The company says it's in final negotiations to sell Rocketdyne and that initial bids for its pump assets are good Continue reading

Posted on April 24, 2012 3:32 PM

EC opens extended probe of UTC's Goodrich purchase

The $16.5 billion takeover could create competition issues in AC power generation, engine controls and aviation spares, regulators warn Continue reading

Posted on March 27, 2012 9:52 AM

SPX sells auto services business to Bosch

Machinery maker SPX Corp. said Tuesday, Jan. 24, it would sell its automotive service solutions business to Germany's Robert Bosh GmbH for $1.15 billion and may use part of the proceeds for acquisitions.SPX is narrowing its product focus to so-called... Continue reading

Posted on January 24, 2012 10:23 AM

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