The deal aims to create a “leading supplier of global driveline and metal-forming supplier” for the automotive industry.

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.

The transaction terms offer 85.2 pence per Dowlais share, combining 0.0863 new American Axle shares, 42 pence in cash, and up to 2.8 pence as a final cash dividend for each share of Dowlais.

Dowlais valued at 85.2 pence per share, 25% premium Dowlais shares up 4.6% AAM shareholders to hold 51% of combined entity Dowlais shareholders to own about 49% of new entity Dowlais shares jumped ...

Detroit-based AAM's acquisition of Dowlais Group plc will offer better costs from economies of scale, a rounded powertrain-agnostic portfolio, customer diversification and a more-balanced ...

Dowlais shareholders will be entitled to receive for each share of Dowlais' common stock: 0.0863 shares of new AAM common stock, 42 pence per share in cash and up to a 2.8 pence of Dowlais FY24 ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. American Axle & Manufacturing Holdings Inc. plans to ...

American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) has announced the successful syndication of the bridge ...

In addition to beating Wall Street expectations for its fourth quarter results, investors were pleased with American Axle’s ...

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