Rexnord (RXN +7.8%) reverses earlier losses to trade higher after the company priced its...

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

Rexnord (RXN +7.8%) reverses earlier losses to trade higher after the company priced its previously announced 6.5M share public offering at $16, only a slight discount to yesterday's close. The company also granted the underwriters an option to purchase up to an additional 975K if needed.