American Axle to acquire UK-based Dowlais in $1.44bn deal

American Axle to acquire UK-based Dowlais in $1.44bn deal

American Axle & Manufacturing struck a $1.44bn cash-and-shares deal to acquire Dowlais Group, further shrinking the number of companies listed on the London Stock Exchange. The acquisition offers a 25% premium on Dowlais’ latest closing price and a 45% premium on...