Dowlais, American Axle

Q&A: American Axle CEO David Dauch explains Dowlais Group acquisition
American Axle, the Detroit-based driveline manufacturer, announced Monday it's buying Dowlais Group plc, parent of GKN Automotive, in a $1.44 billion cash-and-stock deal. Auto customers are demanding cost savings as the threat of low-cost products from China looms, prompting industry consolidation.
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.
GM Supplier American Axle To Acquire GKN Automotive Owner Dowlais
GM axle and powertrain supplier American Axle and Manufacturing is acquiring Dowlais Group to gain access to transmission-making subsidiary GKN Automotive.
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 Agrees to Acquire Dowlais at $1.44B to Expand Globally
AXL agrees with Dowlais for a proposed cash and share acquisition of Dowlais' entire issued and future ordinary share capital at approximately $1.44 billion.
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.
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.
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 takeover by American Axle & Manufacturing.
GKN automotive owner Dowlais set to be sold to US rival in £1.2bn deal in fresh blow to City
Corporate raider Melrose bought GKN for £8bn in 2018 in a move that faced fierce opposition over fears the 266-year-old company would be split up and sold off.
American Axle to acquire London-based supplier in $1.44B deal
American Axle & Manufacturing Holdings Inc. plans to acquire British peer Dowlais Group Plc in a $1.44 billion deal that would establish the Detroit-based supplier as a "truly global" player and further reduce its dependency on General Motors Co.
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, ...
RBC Capital Sticks to Its Buy Rating for Dowlais Group PLC (DWL)
In a report released today, Mark Fielding from RBC Capital maintained a Buy rating on Dowlais Group PLC (DWL – Research Report), with a price ...
New permanent classes for pupils with autism in Merthyr Tydfil
The proposals for Dowlais Primary School and Cyfarthfa High School will go before cabinet next week with new autism spectrum ...
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 ...
Buy Recommendation for Dowlais Group PLC Due to Strategic Acquisition and Asset Valuation
Dowlais Group PLC (DWL – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst ...
AAM Announces Combination with Dowlais for $1.44 Billion in Cash and Stock
American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of ...