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.

Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies ...

British "industrial aristocracy" Dowlais joins exodus from London stock market - Dowlais traces its roots back to the formation of Dowlais Ironworks Co in south Wales at the dawn of the Industrial Rev ...

Dowlais, the former automotive division of GKN ... roots to the late 1700s with the founding of an ironworks in south Wales. Melrose said at the time that it believed there were opportunities ...

Trying to tackle these changes, from a leveraged starting point, the company has resorted to merge with its UK peer Dowlais (OTCPK:DWLAF), in order to grow and tackle a challenging future together.

Form 8.3 - The Vanguard Group, Inc.: Dowlais Group plc 11-Feb-2025 / 14:29 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES ...

In 2023, Melrose spun off GKN's automotive and powder metallurgy businesses by listing Dowlais - named after the village in South Wales where GKN was founded. Its London-listed shares have lost ...

Dowlais shares jumped as much as 13%, but had pared gains to trade up 4.6% at 71.5 pence by 1418 GMT. RBC analysts said the offer "somewhat undervalues what is an attractive Tier 1 auto asset during ...