Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Regal Beloit Corporation
Baird served as lead bookrunner in this offering
Regal Beloit Corporation (“Regal Beloit” or the “Company”) (NYSE: RBC) recently completed a follow-on offering of 3,162,500 shares of its common stock at a price of $67.00 per share, generating gross proceeds of approximately $211.9 million. The Company expects to use the net proceeds from the offering for general corporate and working capital purposes, including the potential funding of future acquisitions.
Regal Beloit is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia.