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Another timely flag from our Toffcap Monday Monitor, our overview of interesting event-driven trades. $AXL to acquire Dowlais $DWL for $1.44bn... ...though this feels a bit like a steal. https://t.co/vSErnuoeTt https://t.co/MJE0mzxdEh
UK Plc remains in play ... Value Sits Model Portfolio name $DWL.LN #DWL receives bid from US auto peer $AXL... https://t.co/lpjEunMIuj https://t.co/XbXD83l3Ab
American Axle to buy Britain's Dowlais, WH Smith boosted by travel not high street and the water industry responds to Ofwat -- get briefed ahead of your morning calls with The London Rush https://t.co/aX9WFpnoBg
American Axle, a U.S. manufacturer of drivetrain components, is in advanced discussions to acquire Britain's Dowlais Group in a deal valued at $1.44 billion. This potential transatlantic merger highlights the ongoing consolidation in the automotive sector. The acquisition signals American Axle's strategy to expand its footprint in the UK market, particularly as Dowlais continues to establish itself in the industry. The news comes as the UK Plc remains active in the market, with various companies exploring strategic opportunities.
