SPW owns around 90% of Inrange (INRG).
Here's a link from Yahoo:
cnetinvestor.com
SPX Corp(SPW) 1 - Buy INRANGE Blasts Off; SPX Stock Seriously Undervalued! ·We are reiterating our 1-Buy and $325 price target after INRANGEās very strong IPO · INRANGE prices at $16, closes at $46 1/4 · SPX retains 89.5% ownership of INRANGE · Embedded value of INRANGE is $110-$125 per share of SPX · Assuming INRANGE spin, base SPX is still worth $200+ · We are reiterating our $325 price target and 1-Buy
Enjoy, Anthony |