BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal
ReutersJan 29, 2025 7:18 AM
Jan 29 (Reuters) - Dowlais Group Plc DWL.L:
RECOMMENDED COMBINATION WITH DOWLAIS
AAM TO ACQUIRE DOWLAIS IN CASH AND SHARE DEAL
COMBINATION EXPECTED TO DELIVER $300 MILLION IN COST SYNERGIES
SHAREHOLDERS TO RECEIVE 0.0863 AAM SHARES, 42 PENCE CASH PER SHARE
COMBINATION VALUES DOWLAIS SHARES AT 85.2 PENCE EACH
COMBINATION VALUES DOWLAIS AT APPROXIMATELY £1.16 BILLION
Source text: ID:nRSc0984Va
Further company coverage: DWL.L
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