|
|
News Breaks
|
February 13, 2012
|
| 06:19 EDT |  | GNRL |
| theflyonthewall.com: | SKF Group to acquire General Bearing Corp. | | General Bearing Corp., or GBC, announced the signing of an agreement whereby SKF, a Swedish company, will acquire GBC and its subsidiaries, including the interests in its four manufacturing sites in China. The transaction is subject to relevant regulatory and shareholder approvals. The purchase price of approximately $28 per share, all cash, represents an aggregate enterprise value of $125M net of contractual adjustments and the satisfaction of certain obligations and liabilities of the company, and is subject to adjustments that could arise from escrow arrangements related to both working capital and indemnifications. Under the terms of the agreement, the transaction is structured as a merger requiring approval of a majority of General Bearing Corp.’s shareholders at a special meeting, which is expected to take place March 19 in West Nyack, NY. :theflyonthewall.com |
|
|
News For GNRL From The Last 14 Days Check below for free stories on GNRL the last two weeks.
| Sign up for a free trial to see the rest of the stories you've been missing. |
There are no results for these search parameters.
|
|
|
|
