Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
RRX.US
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
Collecting participants…
Created by Stan Vick, Scout

Regal Beloit Corporation

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electric...

    Ticker
    RRX.US
    ISIN
    US7587501039
    CIK
    82811
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    USA
    Address
    111 West Michigan Street, Milwaukee, WI, United States, 53203