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American Axle, Dowlais

Hosted on MSN · 22h

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.

DBusiness Magazine · 2h

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.

GlobalData on MSN · 12h

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.

14h

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, ...

12h

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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