SPX Technologies prices public offering of 2.66 million shares at $188 each

* SPX Technologies (NYSE:SPXC [https://seekingalpha.com/symbol/SPXC]) on Tuesday announced [https://seekingalpha.com/pr/20198884-spx-announces-pricing-of-public-offering-of-common-stock] the pricing of an underwritten public offering of 2,659,575 shares of its common stock at a public offering price of $188.00 per share.
* The gross proceeds to SPX from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $500.0 million.
* All shares in the offering are to be sold by SPX.
* In addition, SPX has granted the underwriters a 30-day option to purchase up to an additional 398,936 shares of its common stock offered in the public offering.
* The offering is expected to close on or about August 14.

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