News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Northeast Ohio Medical University

The Holden Arboretum

Hospice of the Western Reserve


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Ohio


Shareholders may make more if there are two Timkens on the market

by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
For now Timken operates both a world-leading bearing manufacturing division and a high-end specialty steel making division...to serve the bearing part of the company, and supply other companies and industries that need precision made, high-quality steel
Courtesy of tpr
Download (WKSU Only)
In The Region:

When the votes were tallied at the May 7th annual meeting of Timken shareholders fifty three percent said yes to at least examining the potential of spinning off Timken’s steel making arm as a separate entity. 

The vote was non-binding but Timken Chairman Ward Timken, Jr. said after it that the company would figure out appropriate response within 45-days. 

Click to listen

Other options:
Windows Media / MP3 Download (0:58)


Now, thirty days later the Walkover at Timken HQ in Canton company has formed of a committee made up of all outside and non-family members of the board of directors to delve into the split strategyWard Timken, JRThe Committee hired the investment banking firm of Goldman, Sachs to help with the evaluation, and a report is expected by the end of the third quarter. 

The issue of carving away Timken’s Steel Division as a separately traded companyWorld HQ of the Timken COmpnay in Canton, OH has been pushed by Relational Investors, an activist investor group, and it’s partner, the California State Teachers' Retirement System-- together they own more than seven percent of  current Timken stock. 


Related WKSU Stories

Timken shareholders vote to split the company
Tuesday, May 7, 2013

Morning headlines: Inspectors looking into Timken accident that killed two
Monday, May 6, 2013

Stark County watches nervously as a vote on splitting up Timken nears
Tuesday, April 30, 2013

Another shareholder adviser sides with splitting Timken
Monday, April 29, 2013

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Canton's Basilica of St. John absorbs news of the pope at morning Mass
Hello Chris,Marina,and Patrice, I just read this article and you all look great. I'm on facebook Jean Dutcher in blue and white stripped blouse. I"M so glad to ...

Exploradio: Avoiding the 'acting-white' trap
Growing-up black and being black should not determine that you will not speak well or will not be a high achiever in your goals in life.But society te nds to la...

Charter-school supporters to rally at Statehouse
I am on the bus now headed to the rally. Horizon is an excellent school. My son is is 7 th grade. The teachers and administrators are top notch and spend so m...

Former Nursing Home Land Added to Parks
In addition, LED technology also plays a very important role in advertising- LED placard is very, very useful for shop owners.

Ohio Supreme Court hears arguments on school funding
That's not true. Other school districts HAVE followed this law and done this. Oakhills is one of them and how they were able to provide technology for their s...

Death and beauty at Cleveland's Museum of Contemporary Art
What a disgusting story to air at lunch time.

Ohio Supreme Court grills attorneys on flooding and million-dollar fixes
Perhaps the State of Ohio should take the lead and implement state wide water shed districts that would collect minimum fees. The funds could then be distribute...

More Ohio schools are adding STEM + arts to come up with STEAM
STEM is Science, Technology, Engineering and Math. Not Education! Your first sentence and intro to this article is incorrect. Please correct this inaccuracy....

Body found in Brecksville park identified as Hillary Sharma
When will we learn the cause of death? We live here and if there's foul play, we have a right to know.

FitzGerald isn't giving up, but many Stark voters are worried, wary and weary
SB5 stands for "Snow Ball 5" because voters have about a snow ball's chance of remembering what it was.

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University