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Accuride shares briefly soar

September 19, 2008

Shares of Evansville-based manufacturer Accuride Corp., which closed last night at 73 cents each, exploded as high as $4 this morning on news the company's exposure to Lehman Bros.' bankruptcy is limited.

The vehicle parts maker disclosed that only 19 percent of its $125 million credit facility is backed by Lehman commercial paper.

The shares fell back to $1.16 by late morning - still a 59-percent gain.

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