BEZ

Baldor Electric Company

NYSE

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BEZ

Baldor Electric Company

NYSE

Add Alert

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SorcererOgre60

01/03/24 6:12 PM

Post #16

Where are the posts?

Don

01/31/11 11:17 AM

Post #15

Re: #14: @jimbonano - Don, Thanks that part (the buyout) is understood -

Jim,

I don't know exactly what happens to futures contracts in this case. I imagine they would expire worthless as there is no longer any BEZ..

Yes, ABB trades on the NYSE. Right now it's at $23.67

You're welcome sir.

Don

jimbonano

01/31/11 11:13 AM

Post #14

Re: #13: @Don - It was assimilated into ABB. Your shares should

Don,

Thanks that part (the buyout) is understood -

But let's say that a guy wanted to still own shares in BEZ's future?
Does ABB trade publicly ?

Thanks again for your willingness to dialogue -

Jim

Don

01/31/11 10:20 AM

Post #13

Re: #12: @jimbonano - Don or anyone,

It was assimilated into ABB. Your shares should be purchased at the negotiated negotiated price. Got any unknown cash in your account?

It would acquire the remaining shares at $63.50 per share and de-list the company from Wall Street, it added.

jimbonano

01/31/11 10:17 AM

Post #12

Re: #10: @Don - Looks like BEZ will go away. ABB will

Don or anyone,

I'm looking for the new trading symbol - ?
I own a position in BEZ and now (today) cannot get a quote ...?

Got a URL or news item on this one ?

Thanks for any info

Jim

jimbonano

01/26/11 3:11 PM

Post #11

Re: #10: @Don - Looks like BEZ will go away. ABB will

Interesting - -
Again thanks for the info - -

Don

01/26/11 3:09 PM

Post #10

Re: #9: @jimbonano - Thanks for the post -

Looks like BEZ will go away. ABB will remain on the NYSE.

jimbonano

01/26/11 3:07 PM

Post #9

Re: #8: @Don - Done deal.... http://www.google.com/hostednews/afp/article/ALeqM5hFuSnNIx0C9YIkI

Thanks for the post -

Will there be any change in the stock ticker symbol ?

Don

01/26/11 8:03 AM

Post #8

Done deal.... http://www.google.com/hostednews/afp/article/ALeqM5hFuSnNIx0C9YIkIDqRSkZjvTBP0Q?docId=CNG.4ee665b031ccff2be6b33d859a9a8e3c.01

BEZ do be delisted after completion of sale.

jimbonano

01/25/11 10:10 AM

Post #7

Re: #6: @Don - So, here is the latest...

Thanks Don -

It certainly looks like it is going to happen -
Maybe we will know by the end of the day ?

Jim

Don

01/24/11 3:13 PM

Post #6

Re: #5: @Don - I have them on my google watch list....

So, here is the latest...

Subject to the satisfaction of these other conditions, ABB expects to close the acquisition of Baldor soon after the expiration of the tender offer.

Complete story here.

Don

01/24/11 1:43 PM

Post #5

Re: #4: @jimbonano - True enough as per PR -

I have them on my google watch list.... don't recall seeing reasons.

jimbonano

01/24/11 1:42 PM

Post #4

Re: #3: @Don - Regulators approved sale last week... Offer expires on

True enough as per PR -

I just wonder why it did not go through the first time as planned and why was it extended ?

Don

01/24/11 10:45 AM

Post #3

Re: #2: @jimbonano - I thought the purchase date was the 25th..........

Regulators approved sale last week... Offer expires on the 25th... Watch closely... smile

jimbonano

01/24/11 10:37 AM

Post #2

Re: #1: @Don - Interesting that a new board is formed on

I thought the purchase date was the 25th..........

If it falls through again - it may be interesting to see what BEZ PPS does tomorrow...........

Jimbo

Don

12/01/10 11:49 AM

Post #1

Interesting that a new board is formed on the day when Baldor is purchased by ABB... Doesn't make much sense, but Oh well!

Baldor Electric Company (BEZ)

Followers	0	Posters	3
Posts (Today)	0	Posts (Total)	16
Created	11/30/10	Type	Free
Moderators

Baldor Electric Company (Baldor) is a marketer, designer, and manufacturer of industrial electric motors, mechanical power transmission products, drives, and generators, supplying over 10,000 customers in more than 200 industries. The Company’s products are sold to original equipment manufacturers (OEMs) and distributors serving markets in the United States and worldwide. Its industrial motor product line includes both alternating current (AC) and direct current (DC) electric motors. Its AC motors range in size from subfractional to 15,000 horsepower and its DC motors range from subfractional to 3,000 horsepower. Baldor’s motors are used in a range of applications, including unit handling (conveyors and other material handling equipment), air handling (fans and blowers) and fluid handling (pumps). Baldor’s mechanical power transmission products include mounted bearings, enclosed shaft mount, helical and worm gearing, and other mechanical power transmission components. Mission Statement To be the best (as determined by our customers) marketers, designers and manufacturers of industrial electric motors, mechanical power transmission products, drives and generators. Officers and directors John A. McFarland Executive Chairman of the Board Age: 59 Bio & Compensation - Reuters Ronald E. Tucker President, Chief Executive Officer, Director Age: 53 Bio & Compensation - Reuters George E. Moschner Chief Financial Officer, Secretary Age: 51 Bio & Compensation - Reuters Randy L. Colip Executive Vice President - Motor Sales Age: 51 Bio & Compensation - Reuters Gene J. Hagedorn Executive Vice President - Materials Age: 63 Bio & Compensation - Reuters Randal G. Waltman Executive Vice President - Operations Age: 60 Bio & Compensation - Reuters Ronald Wayne Thurman Executive Vice President - Engineering Age: 55 Bio & Compensation - Reuters L. Edward Ralston Executive Vice President - Business Integration Age: 40 Bio & Compensation - Reuters Roger V. Bullock Vice President - Drives Sales Age: 60 Bio & Compensation - Reuters Randall P. Breaux Vice President - Marketing Baldor Electric Co: Ownership Ownership Information Shares Outstanding 47.00 Mil Institutional Ownership (%) 80.92 Top 10 Institutions (%) 35.20 Mutual Fund Ownership (%) .78 5%/Insider Ownership (%) 8.27 Float (%) 91.73 Ownership Activity Description # of Holders Shares Total Positions 219 38,032,064 Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Baldor Electric Company by ABB Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Baldor Electric Company by ABB Nov. 30, 2010 (Business Wire) -- Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Baldor Electric Company (“Baldor”) (NYSE: BEZ) and its Board of Directors in conjunction with the proposed buyout and acquisition of Baldor by ABB (NYSE: ABB). Under the terms of a definitive merger agreement announced on November 30, 2010, Baldor shareholders will receive $63.50 in cash for each share of Baldor common stock they hold. The transaction is valued at approximately $4.2 billion, including net debt of $1.1 billion The firm’s investigation concerns whether the proposed acquisition properly values Baldor. Specifically, the investigation seeks to determine whether the Baldor Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction. Levetown & Jenkins, LLP is a national law firm comprised of former federal and state prosecutors with extensive experience in the investigation and prosecution of shareholder fraud. The firm specializes in the representation of investors in shareholder and securities fraud class actions. If you currently own shares of Baldor and wish to obtain additional information about your rights as a shareholder, please contact Michael T. Harrison, Esq. at (713) 392-7465 or mharrison@levjen.com. For more information about the firm, please visit www.levjen.com. Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The law firm responsible for this advertisement is Levetown & Jenkins, LLP (www.levjen.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case. http://www.equities.com/market_stocks_custom.php?qm_page=772&qm_symbol=bez Contact Information Baldor Electric Company Baldor Headquarters Corporate Headquarters 5711 R.S. Boreham, Jr. St. Phone: (479) 646-4711 P.O. Box 2400 Fax: (479) 648-5792 Fort Smith, AR 72901 http://www.baldor.com/