ITT to Acquire SPX FLOW in Cash and Stock Deal

Reuters12-05 19:30

ITT to Acquire SPX FLOW in Cash and Stock Deal

ITT Inc. will acquire SPX FLOW in a transaction valued at a combination of cash and $700 million in ITT common stock issued to Lone Star. The cash portion will be funded through a mix of debt and equity, supported by term and bridge loan facilities led by U.S. Bank National Association. ITT projects that its net leverage will remain below 3.0x at closing and decrease to less than 2.0x within approximately 18 months after the deal closes. The transaction is expected to close by the end of the first quarter of 2026, subject to customary closing conditions and regulatory approvals. Goldman Sachs & Co. LLC and UBS Investment Bank are acting as financial advisors to ITT, with Paul Hastings LLP serving as legal counsel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ITT Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251205389091) on December 05, 2025, and is solely responsible for the information contained therein.

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The cash portion will be funded through a mix of debt and equity, supported by term and bridge loan facilities led by <a href=\"https://laohu8.com/S/USB\">U.S. Ban</a>k National Association. ITT projects that its net leverage will remain below 3.0x at closing and decrease to less than 2.0x within approximately 18 months after the deal closes. The transaction is expected to close by the end of the first quarter of 2026, subject to customary closing conditions and regulatory approvals. Goldman Sachs &amp; Co. LLC and UBS Investment Bank are acting as financial advisors to ITT, with Paul Hastings LLP serving as legal counsel.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The cash portion will be funded through a mix of debt and equity, supported by term and bridge loan facilities led by U.S. Bank National Association. ITT projects that its net leverage will remain below 3.0x at closing and decrease to less than 2.0x within approximately 18 months after the deal closes. The transaction is expected to close by the end of the first quarter of 2026, subject to customary closing conditions and regulatory approvals. Goldman Sachs & Co. LLC and UBS Investment Bank are acting as financial advisors to ITT, with Paul Hastings LLP serving as legal counsel.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ITT Inc. published the original content used to generate this news brief via Business Wire (Ref. 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