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

David Dauch is the chairman and CEO of American Axle & Manufacturing Inc.© 2017 Bloomberg Finance LPAmerican 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.American Axle’s offer represents a 25% premium on Dowlais’ closing price on Tuesday and a 45% premium on the average share price of the London-listed firm over the past three months.The companies’ joint announcement on Wednesda ...