American Axle & Manufacturing has agreed to buy Dowlais Group for about $1.44 billion in a cash-and-shares deal that will result in another U.K. company leaving the London stock market.

The deal aims to create a “leading supplier of global driveline and metal-forming supplier” for the automotive industry.

Dowlais valued at 85.2 pence per share, 25% premium Dowlais shares up 4.6% AAM shareholders to hold 51% of combined entity Dowlais shareholders to own about 49% of new entity Dowlais shares jumped ...

Detroit-based AAM's acquisition of Dowlais Group plc will offer better costs from economies of scale, a rounded powertrain-agnostic portfolio, customer diversification and a more-balanced ...

Under the terms of the agreement, Dowlais shareholders will be entitled to receive for each share of Dowlais' common stock: 0.0863 shares of new AAM common stock, 42 pence per share in cash and up ...

In addition to beating Wall Street expectations for its fourth quarter results, investors were pleased with American Axle’s ...

American Axle (AXL) and Dowlais (DWLAF) are in advanced discussions to merge in a deal valued at over GBP1B, Bloomberg reports. Published first on TheFly – the ultimate source for real-time ...

Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Details of any open stock-settled derivative positions ...

However, when several insiders are buying, like in the case of Dowlais Group plc (LON:DWL), it sends a favourable message to the company's shareholders. While insider transactions are not the most ...