Dowlais, American Axle

American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal
Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies said on Wednesday.
U.S. Auto-Parts Maker American Axle To Buy Britain’s Dowlais For $1.4 Billion
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 & Manufacturing signs $1.44bn deal to acquire Dowlais
The deal aims to create a “leading supplier of global driveline and metal-forming supplier” for the automotive industry.
American Axle to Acquire Dowlais in $1.44 Billion Deal, Creating Global Auto Supplier
American Axle & Manufacturing ( AXL, Financials) has reached an agreement to acquire Dowlais Group in a $1.44 billion cash-and-stock deal, the companies announced Wednesday. Shares tumbled over 10%, leading a chip sell-off as China's new AI model prompted fresh questions on Big Tech's investments.
American Axle in Detroit Acquires British Dowlais Group for $1.44B
American Axle & Manufacturing (AAM) in Detroit has acquired the British Dowlais Group, which includes GKN Automotive and GKN Powder Metallurgy, for approximately $1.44 billion in cash and AAM shares.
American Axle to acquire London-based supplier in $1.44B deal
American Axle & Manufacturing Holdings Inc. plans to acquire British peer Dowlais Group Plc in a $1.44 billion deal that would establish the Detroit-based supplier as a "truly global" player and further reduce its dependency on General Motors Co.
American Axle Agrees to Acquire Dowlais at $1.44B to Expand Globally
American Axle & Manufacturing Holdings, Inc. AXL, a leading supplier of driveline and drivetrain systems, modules and components, has reached an agreement with the board of Dowlais Group plc for a proposed cash and share acquisition of Dowlais’ entire issued and future ordinary share capital,
Dowlais shares surge after agreeing £1.16bn takeover by American Axle
Shares in specialist UK auto parts engineer Dowlais surged on Wednesday after it agreed terms on a £1.16bn cash and share takeover by American Axle & Manufacturing.
American Axle CEO says Detroit will benefit from $1.44B Dowlais deal
Detroit-based American Axle & Manufacturing Inc. CEO David Dauch spent much of Wednesday assuring analysts that the supplier’s $1.44 billion transatlantic takeover will benefit shareholders and the automotive industry.
American Axle to buy GKN automotive owner Dowlais in USD 1.4 billion deal
Dowlais shares jumped as much as 13%, but had pared gains to trade up 4.6% at 71.5 pence by 1418 GMT. RBC analysts said the offer "somewhat undervalues what is an attractive Tier 1 auto asset during the ongoing wider auto slump".
GKN automotive owner Dowlais set to be sold to US rival in £1.2bn deal in fresh blow to City
Corporate raider Melrose bought GKN for £8bn in 2018 in a move that faced fierce opposition over fears the 266-year-old company would be split up and sold off.
Detroit's American Axle buys British driveline maker for $1.44 billion
The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock ...
AAM Announces Combination with Dowlais for $1.44 Billion in Cash and Stock
American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of ...