AAM to acquire Dowlais Group plc for ~£1.16B; offers 42p cash + 0.0863 shares per Dowlais share

Dauch Corp

Deal value ~£1.16B; Dowlais holders receive 42p cash + 0.0863 AXL shares per share, plus up to 2.8p dividend.
Combined company to be Detroit-based; David C. Dauch to remain CEO; two Dowlais directors join 13-member board.
AAM stockholders expected to own 51%; Dowlais shareholders 49% of combined entity; deal expected by end of 2025.
Backstop Credit Agreement ($3.23B) and Bridge Facilities ($1.34B) arranged to finance cash consideration and refinance debt.
Preliminary FY2024 sales $6.10-6.15B, net income $30-35M, adjusted EBITDA $740-750M, adjusted FCF $220-230M.

item 1.01 item 2.02 item 2.03 item 3.02 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.