BOSTON Feb 25 Diversified U.S. manufacturer SPX
Corp should consider strategic alternatives to boost its
stock price, investment firm Relational Investors said in a
filing with the U.S. Securities and Exchange Commission on
"The company should explore strategic alternatives for
better achieving the long-term intrinsic value of the assets,"
the investment firm said in a filing. Relational disclosed an
8.8 percent stake in the maker of equipment used in food and
beverage production, which would make it SPX's largest
shareholder, according to Reuters data.
SPX shares rose 2.5 percent to $82.19 in midday trading on
the New York Stock Exchange.
Over the past 12 months, SPX shares had rise about 6.5
percent, trailing the 11.6 percent rise of the broad Standard &
Poor's 500 index.