American Axle plans to combine with Dowlais in $1.4B deal

Detroit-based American Axle & Manufacturing plans to combine with Britain's Dowlais in a roughly $1.4 billion cash-and-stock transaction to create a larger global driveline and metal-forming supplier.

“American Axle & Manufacturing said the tie-up is expected to create a larger global driveline and metal-forming supplier targeting about $300 million in run-rate synergies.”hoodline.com

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