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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.
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.
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.
1d
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, ...
1d
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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