WATCH TV LIVE

NEWSMAX TV HEALTH MONEY WORLD
Tags: regal rexnord | altra

Regal Rexnord to Buy Rival Altra for $5 Billion

Regal Rexnord to Buy Rival Altra for $5 Billion
(AP)

Thursday, 27 October 2022 07:18 AM EDT

 U.S. manufacturer Regal Rexnord Corp. said Thursday it would acquire rival Altra Industrial Motion Corp. in a deal valued at $5 billion, including debt.

Shares of Massachusetts-based Altra surged about 48% to trade at $59.71 before the bell, lower than the deal value of $62 per share.

Wisconsin-based Regal Rexnord is a manufacturer of power transmission components, electric motors and electronic controls.

Altra also makes power transmission components, apart from automation and motion control components.

© 2026 Thomson/Reuters. All rights reserved.


Click Here to comment on this article
Share
StreetTalk
U.S. manufacturer Regal Rexnord Corp. said Thursday it would acquire rival Altra Industrial Motion Corp. in a deal valued at $5 billion, including debt.
regal rexnord, altra
75
2022-18-27
Thursday, 27 October 2022 07:18 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved