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Stock Market & Financial Investment News

News Breaks
July 1, 2014
07:32 EDTCW, RBCRegal-Beloit acquires Bernshaw from Curtiss-Wright
Regal Beloit (RBC) announced it has acquired Benshaw from Curtiss-Wright (CW). Benshaw has estimated annual revenues of approximately $60M. For the H2 of 2014, Benshaw is anticipated to be 2c dilutive Regal's earnings per share, including the impact of purchase accounting adjustments and transaction costs. For 2015, Benshaw is anticipated to be accretive to earnings per share by 6c-9c. The purchase price was approximately $50M.
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