The transaction terms offer 85.2 pence per Dowlais share, combining 0.0863 new American Axle shares, 42 pence in cash, and up to 2.8 pence as a final cash dividend for each share of Dowlais.

Dowlais Group reported a narrowed pretax loss for last year, thanks to cost controls that offset a decline in revenue due to challenges in the auto market, and forecast flat sales at best this ...