Merger Announced Feb 2021
Regal Beloit Corp. merger
Parties
Parties
Market signals
Market signals
Summary
Rexnord spins off its Process & Motion Control segment and immediately combines it with Regal Beloit in a Reverse Morris Trust transaction. Regal shareholders will own 61.4% and Rexnord shareholders 38.6% of the combined entity, with an expected dividend to Regal shareholders of $100–$500 million. The transaction values PMC at $3.69 billion (14.2x 2020 Adjusted EBITDA).