Timken (NYSE: TKR ) , global manufacturer of bearings and steel, is in the process of a dramatic shareholder vote over whether to spin off the company's steel business. In this video, Motley Fool industrials analyst Blake Bos tells investors where the vote currently stands, whether he believes the company should comply with the proposed spin-off, and what happens next. Blake also tells us whether this deal will be a big victory or a bad burn for investors.
Where should long-term investors be putting their money?
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.