BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal-February 2024-www.financetom.com

BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal

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BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal

Jan 28, 2025 11:49 PM

Jan 29 (Reuters) - Dowlais Group Plc ( DWLAF ):

* 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

* COMBINATION VALUES DOWLAIS SHARES AT 85.2 PENCE EACH

* COMBINATION VALUES DOWLAIS AT APPROXIMATELY £1.16 BILLION

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