Rexnord, Regal Beloit receive key IRS ruling for merger

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The planned merger of a significant portion of Milwaukee-based Rexnord into Beloit-based Regal Beloit received a significant boost recently as the companies received a private IRS ruling on how to handle overlapping shareholders in the deal. “We appreciate the timely and thorough response from the IRS and look forward to closing the transaction early in

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