2 days ago · 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 ...

2 days ago · 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 ...

1 day ago · 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.

2 days ago · --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 ...

2 days ago · 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 ...

1 day ago · 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 ...

1 day ago · American Axle anticipates the combined group will achieve $300 million in cost savings within three years of completing the deal. The takeover will close by the end of 2025, subject to approval by shareholders, and regulatory approvals in the U.S., European Union, and China (where Dowlais has a joint-venture business.)

2 days ago · LONDON: American Axle & Manufacturing Holdings Inc. (AAM) and Dowlais Group have reached an agreement on the terms of a recommended cash and share offer by AAM for Dowlais’ entirety of issued and to-be-issued ordinary share capital, marking a significant merger for both companies. The merged entity, referred to as the Combined Group, will emerge as a …

1 day ago · The global automotive supply chain is undergoing a major transformation as American Axle & Manufacturing Holdings, Inc. and Dowlais Group PLC announce a definitive agreement for a $1.44 billion cash and share merger. This strategic move will position the combined company as a leading driveline and metal-forming supplier, enabling it to expand across internal …

2 days ago · 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.