In addition to reporting a Q2 loss and lowering its FY 2013 revenue estimate below consensus,...

|By:, SA News Editor

In addition to reporting a Q2 loss and lowering its FY 2013 revenue estimate below consensus, Tower International (TOWR -14.4%) says an affiliate of Cerberus Capital Management is planning to sell 6M of its shares. TOWR will receive no proceeds from the sale.