AAM Announces Combination with Dowlais for $1.44 Billion in …
DETROIT, MI, January 29, 2025 – American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc (Dowlais), (LON: DWL) on the terms of a recommended cash and share offer to be made by AAM for the entire issued and to be issued ordinary share capital of Dowlais ...
American Axle to buy GKN automotive owner Dowlais in $1.4 …
Jan 29, 2025 · American Axle shares fell 2.8% to $5.66. The deal values Dowlais, maker of driveline systems and other automotive parts, at 85.2 pence per share, a premium of nearly 25% to the stock's close on ...
AAM Announces Combination with Dowlais for $1.44 Billion in …
DETROIT, Jan. 29, 2025 /PRNewswire/ -- American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc (Dowlais ...
AAM Announces Combination with Dowlais for $1.44 Billion in
Jan 29, 2025 · --American Axle& Manufacturing, is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc, on the terms of a recommended cash and share offer to be made by ...
U.S. Auto-Parts Maker American Axle To Buy Britain’s Dowlais
Jan 29, 2025 · American Axle & Manufacturing has agreed to buy Dowlais Group for about $1.44 billion in a cash-and-shares deal that will result in another U.K. company leaving the London stock market.
American Axle to Acquire Dowlais in $1.44 Billion Deal, Creating …
Jan 29, 2025 · Under the deal, Dowlais owners will get 0.0863 new AAM stock, 42 pence per share in cash, and up to a 2.8 penny final dividend for fiscal year 2024. After the acquisition is complete, Dowlais ...
American Axle Agrees to Acquire Dowlais at $1.44B to Expand …
American Axle & Manufacturing Holdings, Inc. AXL, ... As part of the agreement, Dowlais shareholders will receive 0.0863 new AAM shares per Dowlais common stock, along with 42 pence per share in ...
American Axle to acquire Dowlais Group in $1.44B deal
Jan 29, 2025 · British automotive firm Dowlais Group has agreed to a £1.16 billion ($1.44 billion) cash-and-shares takeover by U.S. manufacturer American Axle & Manufacturing, the companies announced Wednesday. The transaction is expected to position the merged entity as a leading global supplier of automotive components. The boards of American Axle & Manufacturing Inc. and Dowlais Group PLC American Axle ...
American Axle buys UK supplier to expand EV parts offerings
Jan 30, 2025 · American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, continues its growth.
Dowlais Group Agreed to $1.44 Bln American Axle
Jan 29, 2025 · The terms of the offer imply a value of 85.2 pence per Dowlais share, based on AAM's closing share price on Tuesday. This is a 25% premium to Dowlais' closing share price of 68.35 pence on Tuesday.
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