Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Feb 2 3:59 PM EST

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To: richardred who started this subject	10/3/2003 12:42:46 AM
From: richardred	of 7263

JLG- IMO-IR is gearing up for an acquisition after they sell their TKR stake. INGERSOLL RAND CO. LTD. (IR) Completed the sale of its Waterjet business unit to Karolin Machine Tool AB for approximately $46.5 million. Tuesday Close: $53.44 Net Change: Up 9 Cents % Change: 0.2% Volume: 1.1M Shares 08-22-03 1639ET DJ Ingersoll-Rand/Timken -2: Standstill Period Ended Monday WASHINGTON (Dow Jones)--Ingersoll-Rand Co. (IR) said that a six-month standstill period under which it wasn't permitted to transfer any shares of Timkin Co. (TKR) expired on Monday. According to a Schedule 13D filed Friday with the Securities and Exchange Commission, Ingersoll-Rand is reviewing possible courses of action for the disposition of all or part of its 11% stake in Timken. Ingersoll-Rand "may, subject to market conditions in effect from time to time, sell or otherwise dispose of all or part of the Timken common stock beneficially owned by them from time to time in any manner permitted by...the standstill (agreement)," the filing said. Timken makes engineered bearings and alloy steel products.

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