Chip Rewey is the manager of Third Avenue’s Value(TVFVX) and Small Cap Value(TVSVX) funds, having recently succeeded value investing legend Marty Whitman. Rewey was interviewed by Barrons.com yesterday, and shared his excitement about SPX Flow(FLOW), which was very recently spun off from SPX Corp(SPXC). Q:Have fears over oil and gas led you to other opportunities lately? A: SPX… Read More »
While it was no Summer of Spin, the month of September witnessed plenty of activity on the spinoff front. In the days prior to month end: SPX Corporation (SPXC) spun off its flow products business into the aptly named SPX FLOW (FLOW) Fidelity National Financial Ventures (FNFV) unloaded part of its restaurant empire into J. Alexander Holdings (JAX) in a… Read More »
It’s almost here. SPX Corporation (SPW) is set to complete the spinoff of SPX FLOW (FLOW-wi) this weekend and the new company will start trading under the ticker ‘FLOW’ on Monday. Shareholders will receive 1 share of FLOW for every SPW share owned and after the spin off, the parent company will change its ticker to ‘SPXC’. Sounds… Read More »
SPX Corporation (SPW) is currently in the process of spinning off its flow products into the cleverly titled SPX FLOW. The board has approved the transaction and on September 26th, shareholders as of September 16th with receive one share of the new company for every SPW share owned. SPX FLOW is expected to generate ~$2.5b of revenue and… Read More »