Timken Co. steel spinoff gets historic shareholder backing
Published: May 7, 2013 - 11:04 AM
By Jim Mackinnon
Beacon Journal staff report
A 175 ton ladle (left) filled with scrap metal awaits its turn go be heated by electrodes lowered into the ladle, during a tour of the Timken Faircrest Steel Plant. At a meeting today shareholders supported the non-binding shareholder proposal to spin off the company's Steel business. The board will evaluate the views of our shareholders and announce next steps within 45 days, chairman Tim Timken said.
(Paul Tople/Akron Beacon Journal)
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