Brief: Timken To Acquire Ggb Bearing Technology, Expanding Its Engineered Bearing Portfolio With Complementary Products

Enpro

06/09/2022 12:35

Sept 6 (Reuters) - Timken Co  TKR.N :
    * TIMKEN TO ACQUIRE GGB BEARING TECHNOLOGY, EXPANDING ITS
ENGINEERED BEARING PORTFOLIO WITH COMPLEMENTARY PRODUCTS
    * TIMKEN CO - TIMKEN WILL FUND TRANSACTION WITH CASH ON HAND
AND
ITS EXISTING REVOLVING CREDIT FACILITY
    * TIMKEN CO - TIMKEN ANTICIPATES ACQUISITION WILL BE
ACCRETIVE TO
EARNINGS IN FIRST FULL QUARTER AFTER CLOSING

Source text for Eikon:  ID:nPn2c0h47a 
Further company coverage:  TKR.N 

 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))