Timken (TKR) Will Evaluate Relational Investors, CalSTRS 13D Filing and Suggested Steel Unit Spin Off
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Relational Investors Argue for Timken Co. (TKR) Spin
November 28, 2012 3:44 PM ESTThis afternoon activist firm Relational Investors revealed a 6.15 percent stake in bearings company Timken Co. (NYSE: TKR). In connection with its stake in the company, Relational announced it would push the company to spin its steel business in an effort to unlock value.... More
Timken (TKR) Pops as Activists Push For Spin-Off of Steel Unit
November 28, 2012 1:59 PM ESTShares of Timken (NYSE: TKR) popped on reports of a possible breakup.
Activist fund Relational Investors and pension giant Calsters are both pushing for Timken shareholders to vote on spin of company's steel business, according to reports in WSJ.... More
