secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2021-08-24T23:59:59+00:00
Accession:  0001104659-21-108729
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000110465921108729/0001104659-21-108729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000110465921108729/tm2125321d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-108729

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