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Dowlais, American Axle

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.

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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.

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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.

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American Axle's latest acquisition highlights its long rise from near death

American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, ...

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Strategic Merger Drives Positive Outlook: American Axle’s Buy Rating Affirmed Amid Synergy and Diversification Benefits

Analyst Adam Jonas from Morgan Stanley maintained a Buy rating on American Axle (AXL – Research Report) and keeping the price target at ...

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