UPDATE 1-RBC Bearings sees IPO at 8.17 mln shrs

Newswire

WASHINGTON, June 28 (Reuters) - RBC Bearings Inc., a maker of roller and ball bearings, on Tuesday set its planned initial public offering at 8.17 million shares, with an estimated price of $14 to $16 per share. The company is planning to sell 6.27 million shares in the IPO, and stockholders intend to sell 1.9 million shares. Underwriters Merrill Lynch & Co., KeyBanc Capital Markets and Jefferies & Co. will have the option to buy an additional 1.2 million shares to cover ...

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