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American Axle, Dowlais

Hosted on MSN · 2d

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.

Crain's Detroit · 1d

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.

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.

2don MSN

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 ...

2d

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 ...

2d

British car parts champion agrees £1.2bn US takeover to cope with electric switch

British car parts maker Dowlais has agreed to a £1.2bn US takeover to cope with the industry switch to electric vehicles (EVs ...

2don MSN

British "industrial aristocracy" Dowlais joins exodus from London stock market

Dowlais traces its roots back to the formation of Dowlais Ironworks Co in south Wales at the dawn of the Industrial ...

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