US: AAM prices public offer stock
Author: just-auto.com editorial team | 11 December 2009
American Axle & Manufacturing Holdings (AAM) has priced the 14,000,000 shares of common stock it is selling through a public offering at US$7.20 each for total gross proceeds of approximately US$100.8m.
The company also granted to the underwriters for the offering a 30-day option to purchase up to 2,100,000 additional shares of common stock to cover over-allotments, if any. The issuance of the common stock is expected to close on 15 December, 2009.
The company plans to use the net proceeds from this offering for general corporate purposes.
JP Morgan and BofA Merrill Lynch are serving as the joint book-runners for the stock offering.
Sectors: Components, Financial
Companies: AAM
View next/previous articles
11 Dec 2009 -
11 Dec 2009 -
Currently reading -
US: AAM prices public offer stock
10 Dec 2009 -
Related research
American Axle 2010 company profile edition 2
This latest edition just-auto company profile is part of a major series of reports that will provide you with convenient and concise analysis on the world's largest component and vehicle manufacturers. Each individual company is profiled in a consist...
World Gears NEW Industry forecasts for 2013 & 2018
This study analyzes the world market for gears and gear assemblies. The major product types are vehicular gear assemblies (powertrain and steering), other gear assemblies (speed reducers and changers, and gearmotors and all other nonvehicular assembl...
Gears NEW US industry forecasts for 2013 & 2018
Studies cover entire industry sectors as well as key niche markets. Each study includes such valuable intelligence as growth markets and products, market share, product analyses and forecasts, market analyses and forecasts, and company profiles. Stud...

















There are currently no comments on this article
Be the first to comment on this article