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PHOENIX - CSK Auto, previously named Northern Automotive, has filed to go public through an initial public offering intended to raise about $100 million.
The IPO would help establish company value for founders Jules and Eddie Trump, brothers who become in 1998 the beneficiaries of a trust that now owns 99% of CSK stock.
CSK Auto, named after the initials of its three auto parts chains, Checker Auto Parts, Kragen Auto Parts and Schuck's Auto Supply, filed with the Securities and Exchange Commission to sell 6.7 million shares at $14 to $16 a share, which would raise a gross before underwriting expenses of $94 million to $107 million. CSK would use the money raised to pay off a $94 million balance of a $100 million line of credit.
The public stake would equal 18.1% of the 37 million shares that would be outstanding after the...