TimkenSteel common shares will be distributed near day’s end on June 30, 2014. Following the distribution, TimkenSteel will be an independent, publicly traded company; it has received approval to list its common shares on the New York Stock Exchange (NYSE) under the symbol TMST. Timken shareholders will receive one TimkenSteel common share for every two common shares of Timken held at the close of business on the record date of June 23, 2014. Timken shareholders entitled to receive the June 30 distribution will receive a book-entry account statement or a credit to their brokerage accounts reflecting their new ownership of TimkenSteel common shares. Timken expects “when-issued” public trading for TimkenSteel common shares will commence on the NYSE on or about June 19, 2014, under the symbol “TMST WI,” and will continue through the distribution date. Timken also anticipates that “regular way” trading of TimkenSteel common shares will begin on July 1, 2014, the first trading day following the distribution date. Source: Press Release
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