Regal Beloit To Divest Motor Units In AO Smith Deal

Law360, New York (August 17, 2011, 6:49 PM EDT) -- The U.S. Department of Justice and Regal Beloit Corp. reached a proposed settlement of antitrust claims Wednesday under which the company will divest its U.S. electric motor business and an A.O. Smith Corp. entity in order to acquire AOS’ motor business.

The DOJ’s Antitrust Division simultaneously filed the proposed settlement and a civil antitrust suit in Washington federal court. Under the agreement, RBC will sell its unit that produces electric motors for pool and spa pumps to SNTech Inc. and sell AOS’ development work and related...
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