Dowlais and American Axle Finalize $1.2 Billion Cash-and-Stock Deal

American Axle invests £1.16 billion in a strategic acquisition aimed at enhancing growth (Credit: American Axle)

A £1.2 billion takeover agreement has been reached between British car parts manufacturer Dowlais and its American counterpart American Axle & Manufacturing, marking another major exit from the London stock market in 2024. Dowlais, which…