Kaiser Aluminum Plans Public Offering: The Oakland...

Kaiser Aluminum Plans Public Offering: The Oakland firm said in a filing with the Securities and Exchange Commission that it intends an initial public offering of up to 6 million shares. Although the timing of the sale and the price have not been set, the offering could raise up to $120 million, based on the $20-per-share value listed for registration purposes. Kaiser’s parent, Houston-based Maxxam Inc., would continue to be the majority shareholder after the offering, a company spokesman said. Proceeds from the sale would be used to pay off debt.