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SPX Corp completes sale of its joint venture interest in EGS Electrical Group to Emerson Electric Co

Tuesday, 7 Jan 2014 09:12am EST 

SPX Corp:Completes the sale of its 44.5 pct joint venture interest in EGS Electrical Group LLC to Emerson Electric Co. for $574 million.Expects to pay cash taxes on the transaction of about $225 mln, bringing the net, after-tax proceeds to about $350 mln. 

Company Quote

0.1 +0.14%
24 Apr 2014