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American Axle secures acquisition of Dowlais for £1.16 billionThe 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 ...
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