Regal Beloit to acquire Rexnord's Process & Motion Control business

Regal Beloit Corporation announced a proposed acquisition of Rexnord Corporation's Process & Motion Control (PMC) business, referred to as the Rexnord Transaction. The deal is structured using a Reverse Morris Trust and is expected to be transformational, creating a combined company with over $3 billion in sales and a balanced portfolio across power transmission, motors, and niche engineered products.

“the proposed acquisition of Rexnord Corporation's (“Rexnord”) Process & Motion Control business (the “PMC Business”) (the “Rexnord Transaction”)”

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