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Cerberus Capital Sells 3.45M Shares of Tower International

Stephen Feinberg, the manager of Cerberus Capital Management, has significantly reduced his position in Tower International Inc (NYSE:TOWR) to around 1.13 million shares. Mr. Feinberg reported selling 3.45 million shares of the company in two transactions, the price amounting to $20.1 apiece. Following the disposal of shares, Mr. Feinberg’s position is worth 9.2% of the company’s common stock.

Tower International Inc (NYSE:TOWR)

Disclosure: none

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