ITT Plans $1.2B Acquisition of SPX FLOW
ITT's (ITT) offering of 7M shares expected to price post Monday's close, Anthony Hughes of Bloomberg reports, citing people familiar with the matter. The company is on a day of marketing to raise $1.2B for its acquisition of SPX FLOW, sources told Bloomberg. Shares of ITT are down 2% to $177.10 in morning trading.
