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.

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 ...

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 ...

The transaction is comprised out of cash and share component, with American Axle being the surviving entity here, while investors in Dowlais combined will hold 49% of the shares in the new entity.

GM supplier American Axle and Manufacturing (AAM) is acquiring Dowlais Group plc, parent company of transmission, plug-in hybrid system and AWD system manufacturer GKN Automotive. The transaction ...

Combining internal combustion engine, hybrid, and electric vehicle categories will provide a worldwide driveline and metal-forming supplier with a varied client base. Under the deal, Dowlais ...

where Dowlais operates a joint venture. The new company will be based in Detroit and led by American Axle’s CEO and chairman David Dauch. “This announcement marks another key milestone in ...

At the time, GM represented 98.5% of American Axle’s business. Its $3.3 billion deal to take over Metaldyne Performance Group reduced its reliance on GM to 67%, and after the Dowlais deal closes ...

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 ...