Ambitious Smaller Companies Hunt Big Prey as Bold M&A Returns
The improving environment for deals is encouraging some smaller firms to start hunting much larger prey.Automotive supplier ...
American Axle's latest acquisition highlights its long rise from near death
American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, ...
Why American Axle's $1.44B bid for British rival aims to navigate uncertain future
The Detroit-based drivetrain components supplier's acquisition of Dowlais Group plc will offer more production scale, help lower costs.
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American Axle to buy GKN automotive owner Dowlais in USD 1.4 billion deal
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 ...
Detroit's American Axle buys British driveline maker for $1.44 billion
The British firm that American Axle is acquiring was listed on the London exchange in 2023 and has lost 40% of its stock ...
UK car parts group Dowlais agrees to US takeover in £1.2bn deal
Dowlais, the former automotive division of GKN, has agreed to be acquired by American Axle & Manufacturing in a ...
FTSE 100 Live: UK Stocks Set to Lag European Peers, Pound Edges Up
Dowlais shares are down about 25% over the past 12 months, as it was caught up in a broader downturn in the car industry.