Regal Beloit to combine with Rexnord's PMC segment in Reverse Morris Trust deal

Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.

“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”investors.regalrexnord.com

• 2 sources
• investors.regalrexnord.comRegal Rexnord Corporation - Regal To Combine With Rexnord's PMC Segment, Creating World-Class Power Transmission ProviderFeb 16, 2021
• acuity.co.ukRegal and Rexnord combine to create power transmission giant | Acuity AdvisorsMar 3, 2021

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