AIMC - Regal Rexnord Altra Industrial receive all regulatory approvals deal to close Monday

2023-03-22 21:13:21 ET

• Regal Rexnord ( NYSE: RRX ) and Alta Industrial ( NASDAQ: AIMC ) said the companies received all regulatory approvals for the transaction.
• Regal Rexnord's ( RRX ) purchase of Altra Industrial ( AIMC )  is set to close on or around Monday, according to a statement.
• Regal Rexnord ( RRX ) agreed to buy Altra Industrial ( AIMC ), the maker of products used in industrial automation, for $4.95 billion in late October. Regal Rexnord agreed to pay $62 a share for Altra in the all-cash transaction, which was expected to close in the first half of the year.
• Investors had been waiting for China antitrust clearance of the deal after it had been filed under a simplified procedure with China's antitrust regulator.

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