Brief: Regal Rexnord Corp Announces Definitive Agreement To Sell Its Industrial Motors & Generators Businesses To WEG
25/09/2023 11:04
Sept 25 (Reuters) - Regal Rexnord Corp RRX.N :
* REGAL REXNORD CORPORATION ANNOUNCES DEFINITIVE AGREEMENT
TO SELL
ITS INDUSTRIAL MOTORS & GENERATORS BUSINESSES TO WEG
* REGAL REXNORD CORP: PROPOSED DEAL FOR CONSIDERATION OF
US$400
MILLION.
* REGAL REXNORD CORP- REMAIN ON TRACK TO REDUCE OUR NET
LEVERAGE
RATIO TO BELOW 2.5X BY 2025
Source text for Eikon: ID:nPn4GtjlCa
Further company coverage: RRX.N
((Reuters.Briefs@thomsonreuters.com;))
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