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Ralph V. Whitworth's Relational Investors Trims Stake in SPX Corporation

2014-03-24 19:34:36| Electronics - Topix.net

In a new filing, Ralph V. Whitworth 's Relational Investors has disclosed owning around 6.45 million shares of SPX Corporation .

Tags: corporation ralph investors stake

 

Activist investor is now selling SPX shares

2014-03-20 00:01:05| Electronics - Topix.net

Relational Investors appears to have taken some pressure off SPX Corp. with its first substantial sale SPX shares since it began stockpiling them 16 months ago to force changes in corporate strategy .

Tags: selling shares investor activist

 
 

SPX Corporation and Relational Investors Announce Cooperation Agreement

2014-01-15 09:32:41| Electronics - Topix.net

SPX Corporation and Relational Investors LLC today announced that they have entered into a cooperation agreement giving Relational an option to have SPX appoint David H. Batchelder, Relational's principal and co-founder, to SPX's board of directors following the 2014 Annual Meeting of Stockholders.

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Emerson Agrees To Purchase Remaining Stake In EGS Electrical Group From SPX Corporation

2013-12-09 07:43:19| chemicalonline News Articles

Emerson (NYSE: EMR) today announced that it has signed an agreement to acquire SPX Corporation’s 44.5 percent minority interest in EGS Electrical Group, giving it 100 percent ownership of the business. Emerson and SPX have jointly held the business since 1997, with Emerson responsible for operational management and consolidation of results in its Industrial Automation segment. The business had annual revenues in 2013 of more than $500 million. “We are excited for EGS to

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SPX Corp to sell JV stake to Emerson Electric for $571 million

2013-12-04 15:53:30| Electronics - Topix.net

SPX, which makes food and beverage production equipment, electrical transformers, and cooling towers for power plants, said it expects the sale to close in the first quarter of 2014.

Tags: sell million electric corp

 

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