By: Benzinga
SPX Corp. Closes Sale of Service Solutions; Sees Proceeds ~$1B
SPX Corporation (NYSE: SPW ) today announced that it has completed the sale of its SPX Service Solutions business to Robert Bosch GmbH for approximately $1.15 billion, subject to working capital adjustments. The expected net proceeds of the acquisition are approximately $1 billion. SPX Corporation has reported this business unit as a discontinued operation
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