Timken (TKR +3.1%) gaining after announcing that it will acquire the assets of Philadelphia Gear...

|About: Timken Co. (TKR)|By:, SA News Editor

Timken (TKR +3.1%) gaining after announcing that it will acquire the assets of Philadelphia Gear for $200M. It's part of an effort by Timken to target greater penetration into the growing energy and infrastructure sectors. (PR)