ABB Ltd. (SWX:ABBN) is in advanced talks to sell its mechanical power transmission business to RBC Bearings Incorporated (NasdaqGS:ROLL), according to people familiar with the matter, as Chief Executive Officer Bjoern Rosengren swiftly overhauls the Swiss industrial giant. A deal could be reached as soon as this week and value the business, known as Dodge, at between $2.5 billion and $3 billion, said the people, who asked to not be identified because the matter isn't public. Discussions are ongoing, and a potential deal could still be delayed or fall apart, they added.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
44.51 CHF | -0.09% | +0.41% | +19.33% |
Apr. 25 | ABB, Microsoft, 4 Others Launch Interoperability Initiative for Industrial IoT | MT |
Apr. 24 | ABB, Vulcan Energy Resources Team Up for Lithium Reserve Project in Europe | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+19.33% | 90.16B | |
+42.36% | 24.23B | |
+37.69% | 16.13B | |
+19.33% | 10B | |
+4.29% | 8.42B | |
+37.00% | 8.06B | |
-0.25% | 7.34B | |
+163.91% | 6.83B | |
+51.12% | 5.43B | |
+167.09% | 5.04B |
- Stock Market
- Equities
- ABBN Stock
- News ABB Ltd
- RBC Bearings Reportedly Nears $3 Billion Deal for ABB's Dodge Unit