U.S. Auto-Parts Maker American Axle To Buy Britain's Dowlais For $1.4 Billion
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American Axle & Manufacturing is set to acquire Dowlais Group for $1.44 billion in a cash-and-shares deal, leading to Dowlais exiting the London stock market.
January 29, 2025 | 4:15 pm
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American Axle & Manufacturing is acquiring Dowlais Group for $1.44 billion, which could enhance its market position and growth prospects.
The acquisition of Dowlais Group by American Axle is a significant strategic move that could enhance its market position and growth prospects. The deal involves a substantial investment of $1.44 billion, indicating a strong commitment to expansion. This could positively impact AXL's stock price in the short term as investors may view the acquisition as a growth opportunity.
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