Brief: ITT To Acquire SPX FLOW to Significantly Expand Leadership Position
05/12/2025 13:45
Dec 5 (Reuters) - ITT Inc ITT.N: ITT TO ACQUIRE SPX FLOW, SIGNIFICANTLY EXPANDING LEADERSHIP POSITION IN HIGHLY ENGINEERED COMPONENTS AND ADJACENT FLOW TECHNOLOGIES ITT INC - DEAL VALUED AT $4.775 BILLION, 14.2X 2026 ADJUSTED EBITDA ITT INC - $80 MILLION EXPECTED RUN RATE OF COST SYNERGIES BY YEAR THREE ITT INC: DEAL CONSIDERATION WILL CONSIST OF COMBINATION OF CASH & $700 MILLION IN ITT COMMON STOCK ISSUED TO LONE STAR ITT INC - DEAL EXPECTED TO BE ADJUSTED EPS ACCRETIVE IN 2026 ITT INC: TO FUND CASH PORTION OF TRANSACTION CONSIDERATION THROUGH A COMBINATION OF DEBT AND EQUITY Source text: ID:nBw8llRK1a Further company coverage: ITT.N ((Reuters.Briefs@thomsonreuters.com;))