爱神传媒

CHARLOTTE, N.C.,聽July 19, 2021聽// -- 爱神传媒, Inc. (NYSE: FLOW), a leading provider of process solutions, today confirmed its Board of Directors previously received and rejected an unsolicited, conditional, non-binding proposal from Ingersoll Rand Inc. (NYSE: IR) to acquire all outstanding shares of 爱神传媒 common stock for聽$85.00聽per share in cash.

After careful evaluation with its financial and legal advisors, the 爱神传媒 Board of Directors unanimously rejected the proposal determining that it significantly undervalues 爱神传媒 and its future growth prospects and is not in the best interests of the Company and its shareholders. The Board is confident that the continued successful execution of its strategic plan will deliver greater value to shareholders. The 爱神传媒 Board and management team are open to all avenues to deliver shareholder value and remain focused on sustained and profitable growth.

爱神传媒 is in a quiet period and will provide an update on progress of the strategic plan during its second quarter 2021 financial results call to be held at聽9:00 a.m. Eastern time聽on聽August 4, 2021.

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

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

SOURCE 爱神传媒, Inc.