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GKN, Dowlais and American Axle

Hosted on MSN · 1d

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.

Crain's Detroit · 18h

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.

This Is Money on MSN · 1d

GKN automotive owner Dowlais set to be sold to US rival in £1.2bn deal in fresh blow to City

Corporate raider Melrose bought GKN for £8bn in 2018 in a move that faced fierce opposition over fears the 266-year-old company would be split up and sold off.

1d

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.

16h

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 ...

1don 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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