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American Axle buys GKN Automotive owner Dowlais for USD 1.44 billion

On January 29, Detroit-based American Axle and Manufacturing (AAM) announced it will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the UK firm at about GBP 1.16 billion (USD 1.44 billion).
Described as a combination of companies, it is expected that AAM shareholders will own approximately 51% of ....

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