AAM Announces Combination with Dowlais for $1.44 Billion in Cash and Stock

Creates leading global driveline and metal forming supplier with comprehensive product portfolio and diversified customer baseCombination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and Electric powertrains; expected to generate annual revenues of approximately $12 billion on a non-adjusted combined basis Expected to deliver approximately$300 million annual run rate cost synergies and high earnings accretion in the first full year following ...