Rexnord supplements merger proxy after shareholder lawsuit over disclosure

Zurn Elkay Water Solutions Corp

Shareholder Stephen Bushansky filed a lawsuit in California federal court alleging the merger proxy statement omits material information.
Rexnord denies any violations but voluntarily supplements the proxy with additional DCF analysis details to avoid potential delays.
Supplemental disclosures include Evercore's DCF valuations: Regal equity $5.0-7.3B, Land equity $2.5-3.7B, and synergy value up to $1,156M.

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