Rexnord receives IRS ruling; provides illustrative merger terms with Regal Beloit

Zurn Elkay Water Solutions Corp

IRS private letter ruling received Aug 16, 2021, enabling determination of Qualifying Overlap Shareholders for tax purposes.
Illustrative scenario: Exchange Ratio adjusted so Regal issues shares representing 40.0% of post-merger Regal stock (approx. 27.1 million shares).
Regal expected to pay ~$7.21/share special dividend (~$294M aggregate) to Regal shareholders of record pre-Merger.
Pro forma Regal net indebtedness post-merger estimated at ~$1,091M including dividend and assumption of Land debt.
Sensitivity: +/-5% change in Overlap Shares results in Regal shares issued 26.4M-27.8M and dividend $154M-$426M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.