Regal Beloit to Acquire Rexnord's PMC Business via Reverse Morris Trust

Regal Beloit announced a proposed acquisition of Rexnord's Process & Motion Control (PMC) business. The transaction will be structured as a spin-off of the PMC business to Rexnord shareholders, followed immediately by a combination with Regal in a Reverse Morris Trust transaction.

“the proposed acquisition of Rexnord’s PMC business (the “PMC Business”), the benefits and synergies of the proposed transaction, future opportunities for the Company, the PMC Business and the combined company”

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