Timken steel business spinoff plan on track

Feb 12, 2014 | 05:49 PM | Corinna Petry

Tags  Timken, steel business, TimkenSteel, spinoff, James Griffith, shareholders, Securities and Exchange Commission, SEC Corinna Petry

CHICAGO — Timken Co.’s newly formed subsidiary, TimkenSteel Corp., has filed an initial Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC).

The Feb. 11 filing outlines the plan to spin off Timken’s steel business into an independent publicly traded company, which after the divestiture should realize annual revenue of about $1.4 billion....

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