Regal beloit shareholders approve share issuance necessary for combination with rexnord pmc; shareholders also approve name change and increase in authorized shares

Beloit, wis. , sept. 1, 2021  /prnewswire/ -- regal beloit corporation (nyse: rbc) today announced that, at a special meeting of the shareholders ("the special meeting") held on september 1, 2021, regal shareholders overwhelmingly1 approved the issuance of shares of regal common stock necessary to complete the previously announced combination of rexnord corporation's (nyse: rxn) process & motion control ("pmc") business with regal in a reverse morris trust transaction.
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