Earlier this year at Timken's (TKR +2.45%) annual meeting, shareholders voted to spin off the company's steel business from its core ball-bearings business. In this video, Motley Fool industrials analyst Blake Bos gives investors an approximate timeline of when to expect final word on the spin-off. He also discusses why it may seem like a profitable decision in the short term, but why he sees it as losing value for shareholders in the long run.
Where does Timken's steel business spin-off stand at the moment, and how will investors be affected?
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