Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) reported a definitive agreement where Rexnord will separate is PMC (Process & Motion Control) segment in a tax free spin off to Rexnord shareholders and then combine with Regal in a Reverse Morris Trust (RMT) transaction.Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) reported a definitive agreement where Rexnord will separate is PMC (Process & Motion Control) segment in a tax free spin off to Rexnord shareholders and then combine with Regal in a Reverse Morris Trust (RMT) transaction. Regal shareholders will own 61.4% and Rexnord shareholders will.
Regal Beloit to Acquire Rexnord s Process & Motion Control Unit in $3.7B Deal
Done through a Rexnord divestment and then Reverse Morris Trust transaction, it will result in forming a new major power transmission supply entity.
Feb 16th, 2021
BELOIT, WI and MILWAUKEE Regal Beloit Corporation and Rexnord Corporation announced Tuesday 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 percent and Rexnord shareholders will own 38.6 percent 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 percent of the businesses Water Management
逆势上扬，特灵科技公布2020年第四季度和全年强劲业绩-美通社PR-Newswire prnasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnasia.com Daily Mail and Mail on Sunday newspapers.
Trane Technologies plc: Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2020 Results in Challenging Economic Environment
GAAP operating margin up 180 bps and adjusted operating margin up 150 bps
GAAP continuing EPS of $1.01; adjusted continuing EPS of $1.03, up 12 percent
GAAP full-year continuing EPS of $4.02; adjusted continuing EPS of $4.46
Exceptional cash conversion for full-year 2020; cash from continuing operating activities of $1.8 billion; free cash flow of $1.7 billion, 158 percent of adjusted net earnings This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.
Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $1.01 for the fourth quarter of 2020. Adjusted continuing EPS was $1.03, up 12 percent, wh