US auto supplier American Axle to acquire UK's Dowlais in $1.44 bln deal

Reuters

01-29

US auto supplier American Axle to acquire UK's Dowlais in $1.44 bln deal

Jan 29 (Reuters) - British automotive parts supplier Dowlais DWL.L said on Wednesday that it would be acquired by U.S.-based autoparts maker American Axle and Manufacturing AXL.N in a cash-and-share deal, valuing the London-listed firm at 1.16 billion pounds ($1.44 billion).

(Reporting by DhanushVignesh Babu and Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-Phillips)

((DhanushVignesh.Babu@thomsonreuters.com;))

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