AAM stockholders approve proposals for Dowlais acquisition; deal expected Q4 2025

Dauch Corp

AAM stockholders approved charter amendment to increase authorized shares from 150M to 375M (92.9M for, 1.3M against).
Share issuance proposal approved (93.8M for, 0.5M against) as stock consideration for the Dowlais combination.
Dowlais shareholder vote scheduled for July 22, 2025; antitrust approvals progressing.
Combined company expected to generate ~$12B in annual revenues; AAM seeks secondary listing on London Stock Exchange.
Deal anticipated to close in Q4 2025, subject to remaining conditions.

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