m_and_a
confidence high
sentiment neutral
materiality 0.60
AAM raises Dowlais per-share consideration to 43p cash and 0.0881 AAM shares after share cancellation
Dauch Corp
- Dowlais cancelled 27,865,471 shares held by Melrose Employee Share Ownership Trust for nil consideration.
- Cash consideration increased from 42p to 43p per Dowlais share; share ratio from 0.0863 to 0.0881 AAM shares.
- Total consideration payable by AAM unchanged; adjustment reallocates value from cancelled shares to remaining holders.
- Special meeting of AAM stockholders to approve charter amendment and share issuance scheduled for July 15, 2025.
- FY24 final dividend of 2.8p per Dowlais share paid on May 29, 2025.
item 8.01item 9.01