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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 · 17h

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 · 22h

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.

1don MSN

Detroit's American Axle buys British driveline maker for $1.44 billion

The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock ...

14h

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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