Regal Beloit Corporation RBC announced today that it has completed its previously announced public
offering of common stock at a price of $67.00 per share to the public. Regal
Beloit also announced that the underwriters in the offering have exercised
their option to purchase additional shares to cover over-allotments, resulting
in a total sale to the public of 3,162,500 shares of common stock.
Regal Beloit expects to receive net proceeds from the offering of
approximately $202.8 million after deducting underwriting discounts and
commissions and estimated expenses of the offering.
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