Shares in Rexnord (RXN -6%) slip after the company announces a public offering, saying that...

|About: Rexnord Corp. (RXN)|By:, SA News Editor

Shares in Rexnord (RXN -6%) slip after the company announces a public offering, saying that funds affiliated with Apollo Global Management plan to sell 11M shares, with an option on an additional 1.65M to cover over allotments. {{RXN]] will not issue shares in the offering, nor receive any proceeds.