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Ingersoll-Rand (IR) Said They 'Pivoted' Following 2nd SPX Flow (FLOW) Rejection, Will Remain Disciplined if They Participate in Sale Process

July 29, 2021 10:39 AM EDT

On its call, Ingersoll-Rand (NYSE: IR) CEO commented on its recent takeover offer for SPX Flow (NYSE: FLOW) and SPX's decision to pursue strategic alternatives:

From the CEO:

"Regarding SPX FLOW, we saw that they issued a press release this Monday stating that they will pursue strategic alternatives.... More