Tower International, a Cerberus-backed provider of structural components and assemblies for auto OEMs, raised $81 million on Thursday by offering 6.25 million shares at $13, -19% below the midpoint of the $15 to $17 proposed range. Tower International plans to list on the NYSE under the symbol TOWR. Goldman, Sachs & Co., Citi and J.P. Morgan acted as lead managers on the deal.
