Regal Beloit Divests Non-Core Business

Regal Beloit announced the divestiture of a non-core business as part of its capital allocation strategy. The company also repurchased $49.5 million of its shares during the fourth quarter of 2018.

“Announced Divestiture of Non-Core Business”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.