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American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal

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 said on Wednesday.

Forbes · 13h

U.S. Auto-Parts Maker American Axle To Buy Britain’s Dowlais For $1.4 Billion

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.

This Is Money on MSN · 5h

GKN automotive owner Dowlais set to be sold to US rival in £1.2bn deal in fresh blow to City

Corporate raider Melrose bought GKN for £8bn in 2018 in a move that faced fierce opposition over fears the 266-year-old company would be split up and sold off.

moneycontrol.com2y

Advance Auto Parts

Derived prices are not provided by exchanges. They are derived by market makers in CFD OTC market and hence prices may not be accurate and may differ from the actual market price, meaning prices ...

Advance Auto Parts Dodges Investor Suit Over Accounting, for Now

Advance Auto Parts Inc. escaped, for now, a proposed class action alleging an overhyped strategic pricing plan and accounting ...

Advance Auto Parts Puts Foot On Turnaround Gas With 200 Store Closures

Automotive parts retailer Advance Auto Parts is to shutter over 200 locations as it begins to downsize its nationwide store ...

13h

UK car parts group Dowlais agrees £1.2bn US takeover

Dowlais, the former automotive division of GKN, has agreed to be acquired by American Axle & Manufacturing in a cash-and-shares deal valuing it at about £1.16bn, as the two groups seek scale to ...

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