SPX To Sell Bomag Unit
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Charlotte, N.C. — SPX Corp., Charlotte, N.C., has announced that it has reached an agreement to sell its Bomag unit to Bordeaux, France-based Fayat for approximately $446 million in cash. The sale is expected to close in the fourth quarter of 2004.
Bomag is a manufacturer of heavy and light equipment for soil, asphalt and refuse compaction.
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