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The Industrial Select Sector SPDR ( XLI ) was the biggest gainer among all 11 S&P 500 ( SP500 ) sectors for the week ending Oct. 28 ( +6.69% ) which saw the earnings season get going at full pace. Altra was driven by M&A activity, while Chinese stocks ...
Altra Industrial Motion ( NASDAQ: AIMC ) on Thursday jumped 48% after Regal Rexnord ( NYSE: RRX ) agreed to buy the maker of products used in industrial automation for $4.95 billion. Conversely, Regal Rexnord slumped 13% after announcing the deal and offering a peek...
Regal Rexnord (NYSE:RRX) agreed to acquire Altra Industrial Motion (NASDAQ: AIMC) for $62 per share in cash, sending both stocks on a wild ride today . Shares of Regal Rexnord dropped as much as 9.5% in trading today and are at their lows for the day at 1:30 p.m. ET. Alt...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: D K Grove / Shutterstock.com Ford (NYSE: F ) stock is falling on Thursday after the automotive company released results for the third quarter of 2022. The big news affecting F stock today is a $2.7 bi...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Sundry Photography / Shutterstock.com ServiceNow (NYSE: NOW ) stock is climbing higher on Thursday after releasing its earnings report for the third quarter of 2022 . The positive news for NOW stock s...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Roman Zaiets/ShutterStock.com Altra Industrial Motion (NASDAQ: AIMC ) stock is taking off on Thursday after announcing an acquisition deal with Regal Rexnord . That deal will see Regal Rexnord acqui...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Eric Urquhart/Shutterstock.com It’s time for another dive into the biggest pre-market stock movers as we check out stock news for Thursday! We’re knee-deep in earnings season as several major c...
REGAL REXNORD TO ACQUIRE ALTRA INDUSTRIAL MOTION PR Newswire Transforms Regal Rexnord's automation portfolio into a meaningful, global automation solutions provider, with over 70% of its sales into markets with secular growth tailwinds Combines complementary power ...
BRAINTREE, Mass., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a premier global manufacturer and supplier of motion control, power transmission and automation products, announced today that it has ente...
BRAINTREE, Mass., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, intends to release unaudited financial results for the third quarter of 2022 before the ...
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REGAL REXNORD CORPORATION COMPLETES ACQUISITION OF ALTRA INDUSTRIAL MOTION CORP. PR Newswire Positions Regal Rexnord For Accelerated Growth, Higher Margins, Stronger Free Cash Flow And Higher ROIC By Enhancing Its Value Proposition With Key Stakeholders Transforms Rega...
REGAL REXNORD AND ALTRA ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR MERGER PR Newswire BELOIT, Wis. and BRAINTREE, Mass. , March 22, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) ("Regal Rexnord") and Altra Industrial Motion Corp. (...
BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Regal Rexnord Corporation (NYSE: RRX) (“Regal Rexnord”) and Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra”) jointly announced today that they have received all required regulatory approvals to...