BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal

Reuters

01-29

BRIEF-American Axle To Acquire Dowlais In $1.44 Bln Deal

Jan 29 (Reuters) - Dowlais Group Plc DWL.L:

RECOMMENDED COMBINATION WITH DOWLAIS
AAM TO ACQUIRE DOWLAIS IN CASH AND SHARE DEAL
COMBINATION EXPECTED TO DELIVER $300 MILLION IN COST SYNERGIES
SHAREHOLDERS TO RECEIVE 0.0863 AAM SHARES, 42 PENCE CASH PER SHARE
COMBINATION VALUES DOWLAIS SHARES AT 85.2 PENCE EACH
COMBINATION VALUES DOWLAIS AT APPROXIMATELY £1.16 BILLION

Source text: ID:nRSc0984Va

Further company coverage: DWL.L

((Reuters.Briefs@thomsonreuters.com;))

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