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By Ru Back Packer Staff, updated Thursday, February 1, 8:41 AM

Slide #80. Rexnord Corporation Preferred Stock Offering

Company: Rexnord Corporation (NYSE:RXN)
Date announced: 11/30/2016
Shares Offered: 7,000,000
Date of Pricing: 12/1/2016
Price Per Share: $50.00
Preferred Stock Offering Details: Rexnord Corporation (NYSE:RXN) today announced the commencement of an underwritten public offering of 7,000,000 depositary shares, each of which represents a 1/20th interest in a share of its Series A Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock"). The underwriters of the offering have an option to buy up to 1,050,000 additional depositary shares to cover over-allotments. -updated 12/1- Rexnord Corporation (NYSE:RXN) today announced the pricing of its previously announced underwritten public offering of 7,000,000 depositary shares, each of which represents a 1/20th interest in a share of its 5.75% Series A Mandatory Convertible Preferred Stock ("Mandatory Convertible Preferred Stock"). The underwriters of the offering have an option to buy up to 1,050,000 additional depositary shares to cover over-allotments. The offering price is $50.00 per depositary share. The offering is expected to close on December 7, 2016, subject to customary closing conditions.

Rexnord is a holding company. Through its subsidiaries, Co. is engaged as an industrial company and its business is comprised of two platforms: Process and Motion Control, which designs, manufactures, markets and services a range of mechanical components and includes motion control; and Water Management, which designs, procures, manufactures, and markets products that provide and enhance water quality, safety, flow control and conservation, and includes water control and safety, water distribution and drainage, finish plumbing, and site works products for primarily nonresidential buildings and flow control products for water and wastewater treatment infrastructure markets.
Open the RXN Page at Ru Back Packer »

Name: Rexnord Corp (New)
Website: rexnord.com
Sector: Industrial Machinery & Equipment
Number of ETFs Holding RXN: 26 (see which ones)
Total Market Value Held by ETFs: $299,730,529
Total Market Capitalization: $2,960,000,000
% of Market Cap. Held by ETFs: 10.13%

Open the RXN Page at Ru Back Packer (in a new window) »

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