Xylem prepares for autumn NYSE debut
- From: Vol 12, Issue 7 (July 2011)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: ITT, Nova Analytics, OI Analytical and Xylem
ITT has revealed more details about how its pure-play water spin-off will look when it is publicly floated later this year. The new company is seeking underwriters for a stand-alone bond issue prior to the spin-off.
ITT Corporation has given the clearest indication yet of how its spun-off water division will look when it is floated on the New York Stock Exchange later this year. The details emerged on 11 July, concurrent with the announcement that the company had boosted its analytical division by agreeing to purchase water testing specialist YSI Inc. for $310 million.
The ...
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