NYSE:ITTMachinery
ITT Weighs SPX FLOW Deal As Hidden Liabilities Question Growth Path
ITT (NYSE:ITT) is moving forward with a pending acquisition of SPX FLOW that would significantly expand its industrial capabilities.
During the deal process, potential hidden liabilities at SPX FLOW have been disclosed, raising questions about future obligations ITT may assume.
These developments arrive as ITT shares trade at $199.11, following multi year gains that include a 35.8% return over the past year and 173.4% over five years.
For you as an investor, the combination of a large...