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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, December 6, 5:32 PM

Slide #143. 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 an industrial company. Co.'s platforms are: Process and Motion Control, which designs, manufactures, markets and services mechanical components including motion control products, shaft management products, aerospace components, and related services under Rexnord®, Rex®, Addax®, Euroflex®, Falk®, FlatTop®, Cambridge®, Link-Belt®, Omega®, PSI®, Shafer®, Stearns®, Highfield®, Thomas®, Centa® and Tollok™ brand names; and Water Management, which designs, procures, manufactures, and markets water control and safety, water distribution and drainage, finish plumbing, and site works products for nonresidential buildings under Zurn®, Wilkins®, Green Turtle® and World Dryer® brand names.

Preferred: RXN.PRA


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Name:  Rexnord Corp (New)
Website:  www.rexnordcorporation.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding RXN:  29 (see which ones)
Total Market Value Held by ETFs:  $440,998,343
Total Market Capitalization:  $3,256,000,000
% of Market Cap. Held by ETFs:  13.54%
 

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