Rexnord Revives IPO Plans

Rexnord Corp., which is owned by Apollo Management, has revived its plans for an initial public offering, filing Thursday to raise up to $700 million, Reuters reported. In July 2008, the company had filed for an initial public offering of $750 million but withdrew the offering in October 2009. Apollo owns about 93.8% of the company, and bought it from the Carlyle Group in 2006.

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