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Schaeffler, Timken Weigh Bids for $1.5 Billion ABB Unit


Schaeffler, Timken Weigh Bids for $1.5 Billion ABB Unit
This content was published on May 11, 2021 - 09:02
May 11, 2021 - 09:02
(Bloomberg) Schaeffler AG and Timken Co. are among suitors considering bids for the mechanical power transmission business being sold by Swiss engineering firm ABB Ltd., people familiar with the matter said.
The rolling bearing makers are working with advisers as they evaluate potential offers for ABB’s Dodge unit, said the people, asking not to be identified because discussions are private. The business could fetch about $1.5 billion in a sale, they said.
ABB has sent out marketing materials to potential bidders and asked for offers by the end of this month, the people said. The business could also attract interest from other industrial companies including RBC Bearings Inc. as well as buyout firms, the people said. ....

Bjoern Rosengren , Bearings Inc , Timken Co , Baldor Electric Co , Executive Officer Bjoern Rosengren , Baldor Electric , தாங்கு உருளைகள் இன்க் , திம்கென் இணை , வழுக்கை மின்சார இணை , வழுக்கை மின்சார ,

Schaeffler, Timken Said to Weigh Bids for $1.5 Billion ABB Unit

Schaeffler, Timken Said to Weigh Bids for $1.5 Billion ABB Unit
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

Bjoern Rosengren , Bearings Inc , Timken Co , Baldor Electric Co , Executive Officer Bjoern Rosengren , Baldor Electric , தாங்கு உருளைகள் இன்க் , திம்கென் இணை , வழுக்கை மின்சார இணை , வழுக்கை மின்சார ,