Seeking Alpha

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

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.
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