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GKN owner Dowlais faces takeover by US competitorDowlais was created in 2023 after being spun off from aerospace firm Melrose Industries. It was formerly known as GKN Automotive. GKN was acquired by Melrose in 2018 after a hostile takeover battle.
Dowlais, which operates in more than 20 countries, is set to join a growing list of takeovers as foreign companies take advantage of UK firms' relatively cheap valuations. GKN, a mainstay of ...
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 ...
Charles R. Goulding and Preeti Sulibhavi examine American Axle & Manufacturing’s US$1.4 billion acquisition of Dowlais Group, ...
is acquiring Dowlais Group plc, parent company of transmission, plug-in hybrid system and AWD system manufacturer GKN Automotive. The transaction sees American Axle acquiring the foreign company ...
In addition to beating Wall Street expectations for its fourth quarter results, investors were pleased with American Axle’s projected sales range of $5.8 billion-$6.05 billion and EBITDA range of $700 ...
The car parts arm of GKN looks set to be sold to a US rival in a £1.2billion deal six years after Melrose’s hostile takeover of the British engineer. Dowlais, spun out of GKN in 2023 ...
Dauch told Crain’s that the acquisition of GKN-owner Dowlais Group is also a win for the Motor City, to where the British auto parts supplier will move its headquarters under the combined company.
Melrose kept GKN’s aerospace operation and spun out the rest of the group. Dowlais’ stock has slumped 38.5% since its debut on the London Stock Exchange. Dowlais says it currently employs ...
(Reuters) - 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 ...
GKN Automotive owner Dowlais Group has received a takeover offer from a competitor, as another London-listed firm faces a buyout from the US.
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