secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000088205-23-000016
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies to acquire ASPEQ for $418M in cash via merger
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- SPX Enterprises (subsidiary of SPX) to buy ASPEQ for $418M cash, subject to typical closing adjustments.
- Each share of ASPEQ common stock will be converted into cash consideration; vested options also cashed out.
- Merger conditions include HSR antitrust clearance, stockholder approval, and absence of Material Adverse Effect.
- Transaction expected to close by August 26, 2023, unless terminated earlier under specified conditions.
- SPX has best efforts obligations for regulatory approvals and will pay for representation and warranty insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000016/0000088205-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000016/spxc-20230428.htm
  HTML page:      https://secwatch.observer/filing/0000088205-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer