m_and_a
confidence high
sentiment neutral
materiality 0.75
ITT raises ~$1.31B net in 7M-share offering at $167/share for SPX FLOW acquisition
ITT INC.
- Sold 7M shares at $167.00 each; underwriters' 1.05M-share option exercised in full.
- Net proceeds ~$1.31B after discounts and expenses; offering closed Dec 10, 2025.
- Proceeds to fund portion of previously announced acquisition of SPX FLOW business.
- If acquisition not consummated, proceeds used for general corporate purposes.
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