Tower International Announces 2.579M Share Offering

Tower International (NYSE: TOWR) today announced the commencement of a public offering of 2,579,744 shares of its common stock by Tower International Holdings, LLC.  Tower International Holdings, LLC is an affiliate of Cerberus Capital Management, L.P. and is the sole selling stockholder in the offering.  Upon completion of the offering, Tower International Holdings, LLC will hold 2,000,000 shares of common stock of Tower International, Inc.  Tower International, Inc. will not receive any proceeds from the offering of shares by Tower International Holdings, LLC.Morgan Stanley is acting as the sole underwriter for the offering. Tower International Holdings, LLC will be subject to a customary 30-day lock-up arrangement with the underwriter and Tower International, Inc. will be subject to a customary 90-day lock-up arrangement with the underwriter.A shelf registration statement (including a prospectus) relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective.  Before investing, you should read the prospectus and other documents filed with the Securities and Exchange Commission for information about Tower International, Inc. and the offering.  A copy of the See full press release