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RBC BEARINGS INCORPORATED

(ROLL)
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RBC Bearings Incorporated : near deal to buy ABB's transmission unit -Bloomberg News

07/26/2021 | 01:50am EDT

July 26 (Reuters) - RBC Bearings Inc is in advanced talks to buy the power transmission unit of Swiss industrial giant ABB Ltd, Bloomberg reported on Sunday.

The report comes days after ABB's Chief Executive Bjorn Rosengren said an announcement on the sale of the unit, known as Dodge, would be made in the next few weeks.

Dodge is valued at between $2.5 billion and $3 billion and a deal between the ABB and Oxford, Connecticut-based RBC Bearings could be reached as soon as this week, Bloomberg reported https://www.bloomberg.com/news/articles/2021-07-25/rbc-bearings-is-said-to-near-deal-for-abb-s-dodge-unit?sref=V7uxlNge, citing people familiar with the matter.

ABB declined to comment to Reuters on Monday. RBC Bearings did not immediately respond to a Reuters request for comment.

Dodge makes products including bearings used in industrial food processing operations and belted drives for conveyors in giant coal mines. ABB announced it was exiting the business last year. (Reporting by Derek Francis in Bengaluru, additional reporting by John Revill in Zurich; Editing by Sonya Hepinstall and Christopher Cushing)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD -1.94% 32.33 Delayed Quote.30.84%
RBC BEARINGS INCORPORATED -2.54% 211.21 Delayed Quote.17.97%
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Analyst Recommendations on RBC BEARINGS INCORPORATED
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Financials (USD)
Sales 2022 669 M - -
Net income 2022 113 M - -
Net cash 2022 282 M - -
P/E ratio 2022 47,1x
Yield 2022 -
Capitalization 6 046 M 6 046 M -
EV / Sales 2022 8,61x
EV / Sales 2023 7,46x
Nbr of Employees 3 885
Free-Float 95,2%
Chart RBC BEARINGS INCORPORATED
Duration : Period :
RBC Bearings Incorporated Technical Analysis Chart | ROLL | US75524B1044 | MarketScreener
Technical analysis trends RBC BEARINGS INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 211,21 $
Average target price 220,50 $
Spread / Average Target 4,40%
EPS Revisions
Managers and Directors
Michael J. Hartnett Chairman, President & Chief Executive Officer
Robert M. Sullivan VP, Chief Financial & Accounting Officer
Daniel A. Bergeron Chief Operating Officer, Director & Vice President
Edward D. Stewart Independent Director
Steven H. Kaplan Independent Director
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