Spotlight: Nuts-and-Bolts IPO Planned

Kaynar Technologies Inc., which makes nuts, bolts and other fasteners for the aerospace industry, plans to make an initial public offering that would raise as much as $32 million. Fullerton-based Kaynar will offer 1.8 million shares priced at between $14 and $16 each, and its major lender and shareholder, General Electric Capital Corp., will offer 200,000 shares. The company will have 8.6 million shares outstanding after the offering, and GECC’s stake will be reduced to 60.5% from 79.5%.