Regal Beloit in Agreement to Acquire A.O. Smith Motor Business for $875 Million

In the second blockbuster motor deal in just two weeks, A.O. Smith Corp. (AOS), Milwaukee, announced plans to sell its Electrical Products Co., one of the largest manufacturers of electric motors for residential and commercial applications in North America, to Regal Beloit Corp. (RBC), Beloit, Wis., for approximately $875 million. The transaction, which has been approved by both companies' boards of directors, is expected to close in the first half of 2011.

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