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Stock Market & Financial Investment News

News Breaks
July 1, 2014
07:32 EDTRBC, CWRegal-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.
News For RBC;CW From The Last 14 Days
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April 20, 2015
07:12 EDTCWCurtiss-Wright unit named exclusive global nuclear industry rep by Conoflow
ITT’s Conoflow brand announced the appointment of Enertech, a business unit of Curtiss-Wright Nuclear Division, as the exclusive nuclear industry representative for its valve and regulator products globally. In this partnership, Enertech will be the point of contact for technical inquiries, quotations and order entry/status, while Conoflow will retain its nuclear quality assurance program along with certifications and documentation. In order to provide the best possible service, please contact Enertech with any questions pertaining to Conoflow products and services.

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