TimkenSteel CEO Talks Operating Post-Spinoff on First Trading Day

Now watching

Next video starts in : 7 Play

TimkenSteel CEO Talks Operating Post-Spinoff on First Trading Day

TimkenSteel CEO Talks Operating Post-Spinoff on First Trading Day
Replay video
Up next

Consumer prices unexpectedly fall; Fed decision day; Nelson Peltz takes aim at DuPont

Consumer prices unexpectedly fall; Fed decision day; Nelson Peltz takes aim at DuPont Up next

Consumer prices unexpectedly fall; Fed decision day; Nelson Peltz takes aim at DuPont

Unlock your personal NFL Now stream by signing in to NFL.com

TimkenSteel CEO Talks Operating Post-Spinoff on First Trading Day

TheStreet 1:39 mins

TimkenSteel, a subsidiary of Timken Company, begins trading on the New York Stock Exchange on Tuesday under the ticker symbol "TMST." TimkenSteel was recently spun off from Timken Company, which will retain the bearings manufacturing and other parts of the business. TimkenSteel chairman, president and chief executive Ward J. "Tim" Timken, Jr. explains how the spinoff will create more value for shareholders and how the company will combat challenges like global oversupply and higher costs. Timken also addresses concern that the spinoff will consequently make both companies more susceptible to a takeover. TheStreet's Brittany Umar reports from the New York Stock Exchange.

View Comments (0)