US: American Axle eyes up to $108m from stock offer
Author: just-auto.com editorial team | 8 December 2009
American Axle & Manufacturing Holdings (AAM) hopes to raise up to $US108m from a public offering of 14m shares of its common stock. Its part of a strategy to boost liquidity at the partsmaker, originally spun off from a General Motors component operation, which narrowly escaped bankruptcy earlier this year.
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