Dowlais, American Axle

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.
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 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.
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 value since.
American Axle in Detroit Acquires British Dowlais Group for $1.44B
American Axle & Manufacturing (AAM) in Detroit has acquired the British Dowlais Group, which includes GKN Automotive and GKN Powder Metallurgy, for approximately $1.44 billion in cash and AAM shares.
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, ...
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 ...
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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American Axle Agrees to Acquire Dowlais at $1.44B to Expand Globally
American Axle & Manufacturing Holdings, Inc. AXL, a leading supplier of driveline and drivetrain systems, modules and components, has reached an agreement with the board of Dowlais Group plc for a ...
Crain's Detroit3d
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 ...
Why American Axle's $1.44B bid for British rival aims to navigate uncertain future
The Detroit-based drivetrain components supplier's acquisition of Dowlais Group plc will offer more production scale, help lower costs.
American Axle backs FY24 revenue view $6.1B-$6.15B, consensus $6.13B
M. Raises FY24 adjusted free cash flow view to $220M-$230M from $200M-$220M. The company said, “The foregoing estimated financial results for the fiscal year ended December 31, 2024 are preliminary, ...
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 ...