US auto supplier American Axle to acquire UK's Dowlais in $1.44 bln deal
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American Axle and Manufacturing is set to acquire UK-based Dowlais in a $1.44 billion cash-and-share deal. This acquisition will expand American Axle's footprint in the automotive parts industry.
January 29, 2025 | 7:30 am
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American Axle and Manufacturing is acquiring UK-based Dowlais for $1.44 billion, which could enhance its market position and growth potential in the automotive parts sector.
The acquisition of Dowlais by American Axle is a significant move that could strengthen AXL's market position and growth prospects in the automotive parts industry. The deal's size and strategic nature suggest a positive impact on AXL's stock price.
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