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Security Profile
- Security Type
- Common Stock
- CUSIP
- 784635104
- Market Cap
- Small Cap · $487 Million
- Previous Symbol
- SPW (changed 9/26/2015)
Business: SPX Corp, is, along with its subsidiaries, a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation and air conditioning (HVAC), and detection and measurement markets, and a strong presence in power and energy markets. With operations in 20 countries and approximately $2 billion in annual revenue, we offer a wide array of highly engineered infrastructure products with strong brands.
Notes: September 8, 2015 -- SPX Corporation (NYSE: SPW) today announced the additional details regarding the previously announced spin-off of SPX FLOW, Inc. from SPX Corporation. The SPX Corporation board of directors has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of SPX FLOW, Inc. common stock, which will result in the complete legal and structural separation of the two companies. On the distribution date of September 26, 2015, SPX Corp. shareholders of record, on September 16, 2015, the record date for the distribution, will receive one share of SPX FLOW, Inc. common stock for every share of SPX Corporation common stock they hold on the record date. After the distribution date, the shares of SPX common stock will trade regular way under the new symbol of SPXC. On September 28, 2015, SPX FLOW, Inc. common stock will begin regular-way trading on the NYSE under the symbol FLOW.
Company Contact
- CEO
- Christopher J. Kearney
- CFO
- Jeremy W. Smeltser
- Headquarters
- 13320 Ballantyne Corporate Place, Charlotte, NC 28277
- Phone
- 704-752-4400
- Investor Relations
- Paul R. Clegg · 980-474-3806 · spx.investor@spx.com