Regal Beloit to acquire A.O. Smith's motor business

Regal Beloit is preparing for the closing of the acquisition of A.O. Smith's motor business, as stated in their Q1 2011 earnings release. The transaction is pending and has incurred significant transaction-related expenses.

“Additionally we incurred significant transaction-related expenses as we prepare for the closing of the acquisition of A.O. Smith’s motor business.”

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