US/Sweden: GBC stockholders approve acquisition by SKF

Stockholders of General Bearing Corporation, a US-based manufacturer of bearings, have approved a deal, whereby Swedish company SKF Group will acquire General Bearing and its subsidiaries. At a special meeting of stockholders held on 19 March, stockholders representing 92.58% of the issued and outstanding stock of General Bearing voted in favour Subscribe to Automotive World … Continued

• By Webmaster
• March 21, 2012