American Axle & Manufact : & Manufacturing Holdings, Inc. Announces Secondary Common Stock Offering
November 07, 2017 at 04:37 pm EST
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DETROIT, MI - November 7, 2017 - American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) (the 'Company') announced today that affiliates of American Securities LLC (the 'Selling Stockholders'), intend to offer for sale in an underwritten secondary offering 15 million shares of the common stock of the Company, pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the 'SEC'). The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company or its directors or management.
Deutsche Bank Securities will act as the sole underwriter for the offering.
An automatic shelf registration statement (including a prospectus) relating to the offering of the Class A common stock was filed with the SEC on March 30, 2017 and became effective upon filing. Before you invest, you should read the prospectus included in that registration statement, the preliminary prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus and the preliminary prospectus supplement and final prospectus supplement relating to the offering, when available, may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 1-800-503-4611, or by email at prospectus.cpdg@db.com.
This offering will be made only by means of the preliminary prospectus supplement and the prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About AAM
AAM is a premier, global leader in design, engineering, validation and manufacturing of driveline, metal forming, powertrain, and casting technologies for automotive, commercial and industrial markets.
Headquartered in Detroit, AAM has over 25,000 associates operating at more than 90 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.
AAM - American Axle & Manufacturing Holdings Inc. published this content on 07 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2017 21:36:00 UTC.
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American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. The Company designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. The Company operates through two segments: Driveline and Metal Forming. Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles (SUVs), crossover utility vehicles (CUVs), passenger cars and commercial vehicles. Its Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets.