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American Axle, Dowlais
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.
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.
18h
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 ...
2d
British car parts champion agrees £1.2bn US takeover to cope with electric switch
British car parts maker Dowlais has agreed to a £1.2bn US takeover to cope with the industry switch to electric vehicles (EVs ...
2d
on MSN
FTSE 100 Live 29 January: Index steady as US tech stocks rebound, WH Smith update
GKN Automotive business Dowlais is to be taken over in a deal worth £1.16 billion. The board of the FTSE 250-listed business ...
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