Why a Reverse Morris Trust Is Path for AT&T-Discovery
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
传媒行业千亿美元大交易或将于本周落槌 流媒体格局面临变数
sina.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.cn Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
BELOIT, Wis. and MILWAUKEE, Feb. 16, 2021 /PRNewswire/ Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) today announced that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control ( PMC ) segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust ( RMT ) transaction. Regal shareholders will own 61.4% and Rexnord shareholders will own 38.6% of the combined entity ( New Regal ), before a potential dividend to Regal shareholders and a corresponding ownership adjustment to Rexnord shareholders, sized at closing to ensure that RMT ownership requirements are met. Rexnord shareholders will continue to own 100% of the businesses Water Management platform.