breaking news
The proceeds from the offerings, along with borrowings under a new senior secured credit facility and the issuance of common stock to Rockwell Automation, Inc. will be used to finance the previously announced acquisition of the Reliance Electric industrial motors and Dodge mechanical power transmission businesses of Rockwell Automation, Inc.
The Company expects to complete the offerings and the acquisition on or about January 31, 2007.
Baldor Electric Company markets, designs, and manufactures industrial electric motors, drives and generators.
(Copyright 2006 Newsroom Solutions, LLC)
More News
-
Crews Comb Devastation, Confirmed Death Toll Lowered to 24
The confirmed death toll from the Oklahoma medical examiner was lowered from an earlier figure of 51 to now 24 people, including eight children. Authorities...
Read More» -
Governor Mike Beebe Releases Statement on Moore Tornado
LITTLE ROCK, AR -- On Tuesday, Governor Mike Beebe released a statement on the Moore, Oklahoma tornado saying, "...few of us can even imagine the...
Read More» -
OK Death Toll Revised, President to Speak at 9:00am
NEAR OKLAHOMA CITY--President Obama is set to speak on the diasaster in Oklahoma at 9:00am. Meanwhile, the medical examiner's office has revised the death toll...
Read More» -
101 Survivors Found Overnight Amid OK Tornado Rubble
MOORE, OK-- Just in this morning, 101 people, found overnight, in the aftermath of the tornado that tore through Oklahoma.
Read More» -
Tornado Tears Through OK, Dozens Killed, Miles of Debris
OKLAHOMA CITY, OK -- An enormous tornado roared through the Oklahoma City suburbs, killing at least 51 people, including 20 children Monday.
Read More»
Page 1 of 6760

