Private letter ruling received from irs in connection with planned merger between regal and rexnord pmc

Beloit, wisc. and milwaukee, aug. 18, 2021 /prnewswire/ -- regal beloit corporation (nyse: rbc) and rexnord corporation (nyse: rxn) today announced that rexnord received the private letter ruling ("plr") from the u.s. internal revenue service ("irs") in connection with the combination of rexnord's process & motion control business ("pmc") with regal through a reverse morris trust ("rmt") transaction.
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