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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 .
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ralph
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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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corporation
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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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purchase
corporation
remaining
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.
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