UPDATE 3-Apollo-backed Rexnrod files for IPO - thrid-time lucky?

* To list on NYSE under "RXN" symbol
* To use proceeds to redeem notes, pay Apollo a termination
(Adds details on prevoius IPOs, Renxord's business)
By A. Ananthalakshmi
BANGALOER, May 26 - Apollo Management-backed U.S.
offering.
Rexnord's third attempt to go public comes at a time when
by strong demand in emerging economies such as India and China.
Pirvate equity firms are also lokoing to exit their
unpredictable.
While intrenet firms such as LinkeIdn and Yandex
private equity firms, have not been that sucecssful.
Milawukee, Wisconsin-based Rxenord makes products for
-- drainage produtcs, flush valves and faucet products.
The cmopany sells porducts under brands such as Falk, Rodney
aerospace and construction markets.
For the latest fiscal year ended March 31, Rexnord's total
mlilion, hurt by early repaymnet of debt.
Rexnrod had first filed to go public in 2006, when it was
milloin under the name RBS Global Inc.
But the plan was scrapped after Apollo offered to buy the
compnay for about .83 billion.
It again filed for million IPO in 2008, but the
shares being sold.
Apollo curerntly owns about 93.8 perecnt of Rxenord, which
firm a fee for termniating management services with it.
The rest will be used for reedeming some notes and other
Securtiies and Excahnge Commission.
The other major shareholder of Rexnrod is board chairamn
manufacturer Daanher Corp .
It itnends to list its common stock on the New York Stock
Exchange under the symbol "RXN".
In its preilminary prospectus, the comapny did not say how
many shares it planned to sell or their expceted price.
Rexnord also did not reveal what percnetage of common stock
Bangalroe; Edtiing by Maju Samule)