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American Axle ( (AXL) ) has issued an announcement.
On January 29, 2025, American Axle & Manufacturing Holdings, Inc. announced its intention to acquire Dowlais Group plc, with the boards of both companies unanimously approving the merger. The deal, valued at approximately £1.16 billion, involves a cash and share offer for Dowlais shareholders, positioning the combined entity as a major global manufacturer in the automotive sector. The merger is expected to generate substantial cost synergies of $300 million and strengthen the company’s market standing with a diversified customer base and enhanced geographical presence. The business combination, which will be headquartered in Detroit, Michigan, is anticipated to conclude by the end of 2025, pending regulatory approvals and shareholder agreements.
More about American Axle
American Axle & Manufacturing Holdings, Inc. (AAM) operates within the global automotive industry, primarily focusing on driveline and metal forming technologies. The company develops innovative propulsion-agnostic solutions for internal combustion, hybrid, and electric vehicles, aiming to provide significant value through its diversified product portfolio and global presence.
YTD Price Performance: 1.04%
Average Trading Volume: 1,618,864
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $684.3M
For a thorough assessment of AXL stock, go to TipRanks’ Stock Analysis page.
