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RRX.US
id: 425, Created by Stan Vick Chase, Scout
Regal Beloit Corporation
What do I get by joining?
- You will get case updates and receive a payout in case of success
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On October 27, 2022, Regal Rexnord Corporation (RRX) announced that it has reached a definitive agreement with Altra Industrial Motion Corp. (AIMC) providing for Regal Rexnord to acquire 100% of Altra shares in an all-cash transaction for $62.00 per share.
The transaction values Altra at $4.95 billion, representing 13.6x LTM Adjusted EBITDA.
On this news, Regal stock declined more than 12% and the Company lost around $ 1.3 billion of its capitalization.
Taking the deal valuation and market reaction into account, Regal's investors have reasons to suspect that the Leaders of the Company could act not in the best interest of shareholders conducting this deal.
Alleged Offence
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
27 October 2022