Law360 (July 20, 2021, 7:30 p.m. EDT) – Vehicle battery maker Clarios, which is backed by investors including Brookfield Business Partners, on Tuesday launched an initial public offering of around $ 1.67 billion, guided by Davis Polk and Underwriters’ Counsel Cleary Gottlieb.
The Milwaukee, Wis.-Based company presented a blended offer, comprising common stock and mandatory convertible preferred stock, as well as a private placement, as it embarks on a road show to sell the company and its history to potential investors.
Clarios International Inc. plans to price 88 million common shares at between $ 17 and $ 21 each, which is expected to raise $ 1.67 billion midway through, according to a modified filing with …
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