American Axle & Manufacturing Announces Secondary Offering
03 Dicembre 2003 - 1:29PM
PR Newswire (US)
American Axle & Manufacturing Announces Secondary Offering
DETROIT, Dec. 3 /PRNewswire-FirstCall/ -- American Axle &
Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the
NYSE, announced that yesterday, after the markets closed,
Blackstone Capital Partners II Merchant Banking Fund L.P. and its
affiliates (Blackstone) agreed to sell 6,510,992 shares of common
stock to Credit Suisse First Boston. AAM expects the shares to be
resold in an underwritten public offering at a price to be
determined by Credit Suisse First Boston. Blackstone is expected to
complete the sale and deliver the shares to the underwriter on
December 8, 2003, thus completing Blackstone's planned orderly exit
strategy of its investment in AAM. A registration statement
relating to these securities was filed and declared effective by
the Securities and Exchange Commission on January 17, 2003. This
press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made
only by means of a prospectus and related prospectus supplement,
copies of which may be obtained from Credit Suisse First Boston
LLC, Prospectus Department, One Madison Avenue, New York, NY 10010
(telephone no. 212-325-2580). AAM is a world leader in the
manufacture, engineering, design and validation of driveline
systems and related components and modules, chassis systems and
forged products for light trucks, sport utility vehicles and
passenger cars. In addition to its 14 locations in the United
States (in Michigan, New York and Ohio), AAM also has offices and
facilities in Brazil, England, Germany, Japan, Mexico and Scotland.
For more information: Media relations contact: Investor relations
contact: Carrie L.P. Gray Richard F. (Rick) Dauch Director,
Corporate Relations Vice President Investor Relations (313)
758-4880 (313) 758-4767 DATASOURCE: American Axle &
Manufacturing Holdings, Inc. CONTACT: Media relations - Carrie L.P.
Gray, Director, Corporate Relations, +1-313-758-4880, , or Investor
relations - Richard F. (Rick) Dauch, Vice President Investor
Relations, +1-313-758-4767, , both of American Axle &
Manufacturing Holdings, Inc. Web site: http://www.aam.com/ Company
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