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Baldor Electric Company Launches Concurrent Securities Offerings

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Updated: April 17, 2007
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)

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