Industrial Technology

ITT Inc. announced a public offering of 7 million shares at $167 each, with a 30‑day option for an additional 1.05 million shares, expecting net proceeds of about $1.14 billion. Proceeds will largely fund the planned acquisition of SPX FLOW, Inc., with surplus allocated to general corporate purposes, debt reduction, and strategic investments. Lead underwriters include Goldman Sachs and UBS, supported by multiple other banks. The offering, filed under ITT’s automatic shelf registration, reflects investor confidence in the company’s growth and the strategic synergy of the SPX FLOW acquisition.