Regal Beloit Corporation Announces Common Stock Offering
18 Mai 2009 - 10:38PM
PR Newswire (US)
BELOIT, Wis., May 18 /PRNewswire-FirstCall/ -- Regal Beloit
Corporation (NYSE:RBC) announced today that it has commenced a
public offering of 3,500,000 shares of common stock. Regal Beloit
will grant the underwriter in the offering an option to purchase up
to 525,000 additional shares of common stock at the same price per
share to cover any over-allotments. Regal Beloit expects to use the
net proceeds from the offering for general corporate and working
capital purposes, including the potential repayment of long-term
debt and the funding of future acquisitions. Robert W. Baird &
Co. will act as the underwriter for the offering. The offering is
being made only by means of a prospectus and related prospectus
supplement, copies of which may be obtained from the offices of
Robert W. Baird & Co. Incorporated, 777 East Wisconsin Avenue,
28th Floor, Milwaukee, Wisconsin 53202-5391, or by calling
1-800-792-2413. Electronic copies of the prospectus and the
prospectus supplement are available on the Securities and Exchange
Commission's Web site at http://www.sec.gov/. The shares are being
offered pursuant to an effective registration statement. This press
release does not constitute an offer to sell these securities or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction. About Regal Beloit Corporation Regal
Beloit Corporation is a leading manufacturer of mechanical and
electrical motion control and power generation products serving
markets throughout the world. Regal Beloit Corporation is
headquartered in Beloit, Wisconsin, and has manufacturing, sales,
and service facilities throughout the United States, Canada,
Mexico, Europe and Asia. DATASOURCE: Regal Beloit Corporation
CONTACT: David A. Barta, Vice President and Chief Financial Officer
of Regal Beloit Corporation, +1-608-361-7405 Web Site:
http://www.regal-beloit.com/
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