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Jenner & Block advised SPX Corporation, a global multi-industry manufacturing leader, in the spin-off of its engineered flow and hydraulic technologies business into a new standalone, publicly traded company, SPX FLOW, Inc. For this transaction, the firm was primary counsel on the benefits, executive compensation and equity compensation aspects of the spin-off.
SPX Corporation’s full press release regarding the spin-off can be found here.
The Jenner & Block team was led by Partner Raymond D. Sinnappan, with assistance from Associate Sarah E. Haddy, as well as support from Partner Gail H. Morse, Partner Kristen M. Boike, Associate Alexander J. May and Staff Attorney Barry J. Shulock.