Brief: Timken To Expand Linear Motion Portfolio With The Acquisition Of Nadella Group From ICG

Timken

30/01/2023 14:37

Jan 30 (Reuters) - Timken Co  TKR.N :
    * TIMKEN TO EXPAND LINEAR MOTION PORTFOLIO WITH THE
ACQUISITION OF
NADELLA GROUP FROM ICG
    * TIMKEN CO - ANTICIPATES ACQUISITION WILL BE ACCRETIVE TO
ADJUSTED EARNINGS IN 2023
    * TIMKEN CO - ACQUISITION WILL BE FUNDED WITH CASH ON HAND
AND
BORROWINGS FROM COMMITTED CREDIT FACILITIES

Source text for Eikon:  ID:nPn1y5YSMa 
Further company coverage:  TKR.N 
 ((Reuters.Briefs@thomsonreuters.com;))