Multiple bidders, a news article and rising stock prices: How the price tag for Rexnord-Regal Beloit deal went up $1 billion

By late October of last year, three bidders interested in Rexnord’s process and motion control business had emerged. Their offers valued the business anywhere from almost $2.4 billion to a $3 billion offer from Beloit-based Regal Beloit. The PMC business makes gears, couplings, bearings and other mechanical parts for a variety of industries. It generated

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