Unusual 11 Mid-Day Movers 8/18: AXL, HURN, RTK, BPOP Higher; SCR...

Courtesy StreetInsider.com News Articles  Tue, 08/18/2009 - 10:23

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) 92.8% HIGHER; entered into a second extension of the Waiver and Amendment, dated as of June 29, 2009, of which, among other things, extends the Waiver Extension termination date of August 20, 2009 to August 31, 2009.

The Second Waiver Extension requires AAM to maintain a daily minimum liquidity of $75 million and can be terminated under certain circumstances, including AAM’s inability to meet the minimum liquidity test for four consecutive business...

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