Renaissance Capital logo

Tower International quiet period ends November 23

November 18, 2010

Tower International, a Cerberus-backed provider of structural components and assemblies for auto OEMs, will see its quiet period end on Tuesday, November 23. On October 14, the company raised $81 million by offering 6.25 million shares at $13, below the range of $15-$17. Goldman, Sachs & Co., Citi and J.P. Morgan acted as lead managers on the deal.