Regal-Beloit (RBC) Commences 2.75M Offering
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Regal-Beloit Corp. (NYSE: RBC) has commenced a public offering of 2,750,000 shares of common stock. Regal Beloit will grant the underwriters in the offering an option to purchase up to 412,500 additional shares to cover any over-allotments.
Regal Beloit expects to use the net proceeds from the offering for general corporate and working capital purposes, including the potential funding of future acquisitions.
Robert W. Baird & Co. Incorporated and Credit Suisse Securities (USA) LLC will act as underwriters for the offering.
Regal Beloit expects to use the net proceeds from the offering for general corporate and working capital purposes, including the potential funding of future acquisitions.
Robert W. Baird & Co. Incorporated and Credit Suisse Securities (USA) LLC will act as underwriters for the offering.
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