Divestiture May 2019 Verified
Regal Beloit Reports Gain on Business Divested and Assets to be Exited
Regal Beloit recorded a pre-tax gain of $31.2 million on business divested and assets to be exited during the first quarter of 2019. The company also reported net income from businesses divested/to be exited of $2.2 million.
“($31.2) Million Gain on Business Divested and Assets to be Exited”
Entities
Other Sentiment: Positive
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.