Timken (TKR) sends a letter to shareholders after proxy advisory firm Glass Lewis & Co....

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

Timken (TKR) sends a letter to shareholders after proxy advisory firm Glass Lewis & Co. sides with CalSTRS and Relational Investors in the battle to split the company. "The simple fact is that our integrated business model is working," TKR says. The firm's "tremendous competitive advantage in the marketplace" stems from "deep synergies between [the] Steel and Bearings & Power Transmission businesses." Every vote is important, TKR stresses.