RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC WITH AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
Provided By PR Newswire
Last update: Jul 22, 2025
Transaction Update: Dowlais Shareholders Approve Proposed Combination
DETROIT, July 22, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. ("AAM"), (NYSE: AXL) announced today that at the court meeting (the "Court Meeting") and the general meeting (the "General Meeting") held earlier today by Dowlais Group plc ("Dowlais"), the requisite majority of scheme shareholders voted to approve the scheme arrangement at the Court Meeting and the requisite majority of Dowlais shareholders voted to approve the special resolution put forth at the General Meeting, each of which meeting was held in connection with AAM's offer, announced on January 29, 2025, to acquire the entire issued and to be issued share capital of Dowlais (the "Combination").
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