Timken stakeholders again urge spinoff
Feb 19, 2013 | 04:54 PM
| Corinna Petry
Tags
Timken,
Relational Investors,
California State Teachers' Retirement System,
spinoff,
steel business,
bearings business,
shareholder value,
Ward J. Timken
corinna petry
CHICAGO — Relational Investors LLC and the California State Teachers’ Retirement System, which together own 7.31 percent of Timken Co.’s shares, are again asking the company to separate its steel and bearings businesses.
Relational analyzed such a proposal last year and presented it to Timken (amm.com, Dec. 3).....
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