RBC Bearings sets terms on 8.17 mln share IPO

Resource from: CBCC Likes:2934

Jun 29,2005

WASHINGTON, June 28 (Reuters) - RBC Bearings Inc., maker of roller and ball bearings, on Tuesday set its planned initial public offering at 8.17 million shares for an estimated price of $14 to $16 per share. The underwriters will have the option to buy an additional 1.2 million shares to cover over-allotments, according to an amended offering document filed with the U.S. Securities and Exchange Commission. Merrill Lynch & Co., KeyBanc Capital Markets and Jefferies & Co. are underwriting the IPO.

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