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News Breaks
October 30, 2009
08:22 EDTAXL
theflyonthewall.com: American Axle & Manufacturing amends stockholder rights plan
American Axle & Manufacturing Holdings announced that it's Board of Directors has approved an amended and restated Rights Plan to preserve the long-term value and availability of AAM's net operating loss carryforwards, or NOLs, and related tax benefits. Modifications to the Rights Plan include, among other things, a reduction of the beneficial ownership threshold from 15% to 4.99% of AAM's common stock and an expansion of the scope of the definition of "Acquiring Person" to include persons and certain groups that would be considered "5% stockholders" under Section 382. The Amended and Restated Rights Plan exempts stockholders who currently beneficially own 5% or more of AAM's stock for so long as their ownership exceeds 5%, provided they do not acquire an additional 0.5% or more of AAM's common stock. The Amended and Restated Rights Plan will automatically expire on September 15, 2013. :theflyonthewall.com



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February 3, 2012
10:23 EDTAXL
theflyonthewall.com: American Axle affirms FY12 sales view of $2.8B-$2.9B vs. consensus $2.79B

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:theflyonthewall.com
08:03 EDTAXL
theflyonthewall.com: American Axle reports Q4 EPS 41c vs. consensus 39c

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:theflyonthewall.com