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Timken
Completes Torrington Acquisition
The Timken Company (NYSE: TKR) today completed its acquisition of
The Torrington Company that it announced last October 16. Timken
acquired Torrington from Ingersoll-Rand for $840 million - $700
million in cash and Timken shares valued at $140 million.
The Timken Company's Pending Acquisition of Torrington Clears HSR Act Review
CANTON, Ohio, Dec. 10 -- The Timken Company announced today that the Federal Trade Commission (FTC) has completed its review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 of Timken's proposed acquisition of The Torrington Company from Ingersoll-Rand Company Limited.
The Timken Company to Acquire Torrington for $840 Million in Cash and Stock
CANTON, Ohio, Oct. 16 -- The Timken Company (NYSE: TKR), a worldwide leader in bearings and alloy steel, announced today that it has reached an agreement with Ingersoll-Rand Company Limited (NYSE: IR), to acquire its Torrington subsidiary, a leading worldwide producer of needle roller, heavy-duty roller and ball bearings and motion control components and assemblies, for cash and stock valued at approximately $840 million.
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