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Regal Rexnord Corp to Acquire Altra Industrial Motion Corp Transcript
Good morning, and welcome to the Altra Acquisition Call. (Operator Instructions) Please note that this event is being recorded.
Now, I'd like to turn the conference over to Mr. Robert Barry of Investor Relations. Please go ahead.
Great. Thanks, Nick. Welcome, and good morning, everyone. Thanks for joining us today on short notice. On this call, we will be discussing Regal Rexnord's agreement to acquire Altra Industrial Motion. Before we begin, I would like to highlight a few things.
First, Altra issued a press release this morning announcing the transaction in addition to select anticipated third quarter 2022 financial measures based on currently available information. Altra's press release also indicated that it will announce its third quarter earnings on November 3, but in light of the transaction, it will not be hosting a conference call to discuss those results and has also withdrawn its 2022 financial guidance.
Second, given the announcement of the transaction and its
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