ITT buys SPX Flow in a $4.8 billion deal; shares fall

ITT

05/12/2025 14:50

** Shares of industrial parts supplier ITT ITT.N fall nearly 3.5% to about $177 in morning trading

 ** Co to buy pump-maker SPX Flow from private equity firm Lone Star Funds in a cash-and-equity deal valued at $4.78 billion

     ** ITT will issue $700 million in common stock to Lone Star and fund the cash portion via debt and equity

     ** Deal expected to close by the first quarter of 2026

     ** Ten of 14 brokerages rate the stock "buy" or higher and four "hold"; their median PT is $215 - data compiled by LSEG

     ** Including session's moves, shares up 23.9% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))