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.
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GlobalData on MSNAmerican Axle & Manufacturing signs $1.44bn deal to acquire DowlaisThe deal aims to create a “leading supplier of global driveline and metal-forming supplier” for the automotive industry.
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 ...
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American Axle secures acquisition of Dowlais for £1.16 billionThe 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.
Under the terms of the agreement, 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 ...
American Axle (AXL) and Dowlais (DWLAF) are in advanced discussions to merge in a deal valued at over GBP1B, Bloomberg reports. Published first on TheFly – the ultimate source for real-time ...
In addition to beating Wall Street expectations for its fourth quarter results, investors were pleased with American Axle’s ...
However, when several insiders are buying, like in the case of Dowlais Group plc (LON:DWL), it sends a favourable message to the company's shareholders. While insider transactions are not the most ...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Dowlais Group plc 18-Feb-2025 / 14:27 GMT/BST FORM 8.3 (b) Owner or controller of interests and short positions disclosed, if ...
The boards of AAM and Dowlais are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by AAM for the entire issued and to be issued ...
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