Relational Investors Whitworth Tells Timken To Spin Off Steel Business- TImken Steels Itself Against Demands

Nobody is safe these days from activist investors, not even 100+ year old family businesses. Relational Investors,  who successfully pushed for a spinoff at L-3 Communications (LLL), has set its sights on a new target, specialty steel and bearings maker Timken Co. (TKR). The investment firm, headed by Ralph Whitworth, announced in a recent 13D filing that it… Read More »