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Street research for Rexnord Corporation expected on May 8

Posted
5/3/2012 7:00:00 AM
By: Renaissance Capital
Referenced Stocks:RXN

Street research for Rexnord Corporation, which manufactures gears, couplings, bearings and water management products, is expected to be released on 5/8/12. On 3/28/12, the company raised $426.3 million by offering 23,684,211 shares at $18.00, at low end of the range of $18.00 to $20.00. BofA Merrill Lynch, Goldman Sachs, Credit Suisse, Deutsche Bank and Barclays acted as joint bookrunners on the deal.