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Timken Co announces filing of initial form 10 registration statement for the expected spinoff of Steel Business, To Be Named TimkenSteel Corporation

Tuesday, 11 Feb 2014 04:35pm EST 

Timken Co:Says that TimkenSteel Corporation, its newly formed subsidiary which will hold the company's steel business, has filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC).The filing relates to the previously announced plan to pursue a spinoff of The Timken Company's steel business into an independent publicly traded company.Says upon completion of the spinoff, TimkenSteel will be North America's only focused special bar quality steelmaker. 

Company Quote

0.73 +1.71%
21 Nov 2014