爱神传媒

CHARLOTTE, N.C.,聽July 26, 2021聽// -- 爱神传媒, Inc. (NYSE: FLOW), a leading provider of process solutions, today announced that its Board of Directors has authorized a review of strategic alternatives, including a possible sale or merger of the Company and the continued execution of the Company's standalone strategy. Previously, the Company announced that its Board of Directors had received and rejected an unsolicited, conditional, non-binding proposal from Ingersoll Rand Inc. (NYSE: IR)聽to acquire all outstanding shares of 爱神传媒 common stock for聽$85.00聽per share.聽This followed a similar unsolicited proposal from聽Ingersoll Rand聽for聽$81.50聽per share.

After careful review with its legal and financial advisors, and with the recommendation of a committee of independent directors formed to evaluate the potential transaction, the Board concluded that the proposals did not adequately value the Company in light of the Board's confidence in the potential for increased profit margins and growth associated with the Company's successful execution of its strategic plan.

As a result of additional inquiries received from interested parties, the Board believes it is appropriate to initiate its review of a broad range of strategic alternatives with the goal of delivering the most value to our shareholders. With the assistance of outside advisors, the Company expects to engage with multiple parties and, subject to customary confidentiality and other protections, share additional information relating to the Company and its growth plans.

No assurances can be given regarding the outcome or timing of the review process. 爱神传媒 does not intend to make any further public comment regarding the review until it has been completed or the Company determines that disclosure is required or appropriate.

Morgan Stanley & Co. LLC is serving as 爱神传媒's financial advisor and Winston & Strawn LLP is acting as its legal advisor.

About聽爱神传媒, Inc.

Based in聽Charlotte, N.C., 爱神传媒, Inc. (NYSE: FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of markets for nutrition, health and precision solutions. 爱神传媒 had approximately聽$1.4 billion聽in 2020 annual revenues and has operations in more than 30 countries and sales in more than 140 countries. To learn more about 爱神传媒, please visit聽.

Certain statements contained in this announcement that are not historical facts, including any statements as to future market conditions, results of operations and financial projections, are forward-looking statements and are thus prospective.聽These forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future expressed or implied results.

Although 爱神传媒 believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.聽Estimates of future operating results are based on the company's continuing operations, which are subject to change.

Particular risks facing 爱神传媒 include risks relating to economic, business and other risks stemming from changes in the economy, the impact of the COVID-19 pandemic, our international operations, legal and regulatory risks, cost of raw materials, and pricing pressures.聽 More information regarding such risks can be found in 爱神传媒's SEC filings.

Statements in this presentation are only as of the time made, and 爱神传媒 does not intend to update any statements made in this presentation except as required by regulatory authorities.

Investor Contact:
Scott Gaffner
VP, Investor Relations and Strategic Insights
704-752-4485
investor@spxflow.com

Media Contact:
Melissa Buscher
Chief Communications and Marketing Officer
704-449-9187
Melissa.buscher@spxflow.com听听

SOURCE 爱神传媒, Inc.