(Reuters) - 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 ...
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 ...
American Axle shares fell 2.8% to $5.66 ... companies take advantage of UK firms' relatively cheap valuations. GKN, a mainstay of British engineering, has changed hands multiple times since ...