That is slightly lower than the initial PE range of 12.3 to 14.3, which is where the company had been testing the market over the past couple of weeks.
ôThe overall response is good, but there is some price resistance at about 13 times forward earnings. The current range will leave a bit more room on the upside once the shares start trading,ö a person familiar with the offering says.
The diversified industrial company is now looking to...
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