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Regal Beloit Acquires Business Unit of Emerson

Thursday, February 5, 2015  
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Emerson has agreed to sell its Power Transmission Solutions business to Regal Beloit Corporation, parent company of Mastergear Worldwide. The transaction is valued at $1.44 billion, representing cash proceeds of $1.4 billion plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals. More...

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