AAM to combine with Dowlais for $1.44 billion
American Axle & Manufacturing (AAM) agreed to acquire Dowlais Group plc for approximately $1.44 billion in cash and stock, creating a leading global driveline and metal forming supplier.
Productsdriveline componentsmetal forming products for ICE, hybrid and electric vehicles
“AAM is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc on the terms of a recommended cash and share offer.”aam.com
- 8 sources
- aam.comAAM Announces Combination with Dowlais for $1.44 Billion in Cash and StockJan 29, 2025
- bloomberg.comAmerican Axle, UK's Dowlais in Talks on Transatlantic Auto Deal - BloombergAaron KirchfeldJan 29, 2025
- reuters.comAmerican Axle to buy GKN automotive owner Dowlais in $1.4 billion deal | ReutersYadarisa ShabongJan 29, 2025
- metal-powder.techGKN Powder Metallurgy and GKN Automotive set for AAM takeover in $1.44 billion dealPaul WhittakerJan 29, 2025
- metal-am.comGKN Powder Metallurgy and GKN Automotive set for AAM takeover in $1.44 billion deal
Summarized from public sources; check the original articles before acting on it.
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