Regal Beloit to Acquire Rexnord's Process & Motion Control Business

Regal Beloit Corporation announced a proposed acquisition of Rexnord Corporation's Process & Motion Control business (the 'PMC Business'), referred to as the 'Rexnord Transaction'. The transaction is subject to shareholder and regulatory approvals and is expected to bring benefits and synergies to the combined company.

“Forward-looking statements may also include statements relating to the proposed acquisition of Rexnord Corporation’s (“Rexnord”) Process & Motion Control business (the “PMC Business”) (the “Rexnord Transaction”), the benefits and synergies of the Rexnord Transaction, future opportunities for the Company, the PMC Business and the combined company, and any other statements regarding the Rexnord Transaction or the combined company.”

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.