Transactions
Timken Sells Bearings Business To JTekt For $330 Million
On Dec. 31, 2009, The Timken Company completed the sale of its Needle Roller Bearings business to Japan’s JTEKT Corporation. Timken received approximately $330 million, including retained receivables, from the sale.
Cassels Brock acted for Timken with a team that included Ken Snider (Tax), Colin Ground (Business Law), Andrew Reback (Tax), Sheldon Plener (Business Law), France Tenaille (Business Law) and Luke Woolford (Business Law).