By: Benzinga
The Timken Company Sends Letter to Shareholders; Recommends Shareholders Reject Proposal To Spin-Off the Steel Business
The Timken Company (NYSE: TKR ) today announced that it sent a letter urging shareholders to support the company's proven strategy of creating shareholder value and to vote AGAINST Item No. 6 of its proxy statement, the shareholder proposal to spin-off the Steel business. Timken also announced that
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