The British “Industrial Noble” Doulas joined the Egyptian Study in the London stock market

About half of the GKN car supply products about half of the car

One of the oldest industrial manufacturers in the UK has become the latest major listed company, saying it is leaving the London stock market.

During the Dawn of the Industrial Revolution in 1759, the professional automobile engineering group Dowlais traced its roots to the formation of Dowlais Ironworks CO in South Wales. He said that he had agreed to merge with the New York Stock Exchange and quoted American Axle and Manufacturing (AAM) (AAM) (AAM) In a £ 1.2 billion transaction.

Dowlais has two-thirds of the former GKN business, GKN Automotive and GKN Powder Metallurge. This is one of the most outstanding names in the British industry and the founders of FTSE-100, as guests and Nettlefolds. GKN was acquired by Melrose Industries in 2018. It retains the GKN Aerospace Bureau, but stood out as Dowlais in 2023.

Dowlais shareholders will receive a cash of 42 pence and the new AAM shares of 0.0863, and the dividend per share will be as high as 2.8 pence. After the completion, the Daolai shareholder will have about 49 %

Dorces Chairman Simon Mackenzie Smith said: “The Director of the Tao agreed that the combination of AAM and AAM provided our shareholders with convincing opportunities. The strategic principle of merger was clear: We have created a global leader, with enhanced financial strength, a broader diversification and a market leading product portfolio that spans traditional and electrified power assembly solutions.

“It is important that our shareholders will not only benefit from the direct premium, but also benefit from the important synergy provided by this combination. Although the Tao Committee is still confident However, it has created a huge shareholder value, while ensuring that our outstanding business continues to shape the future of liquidity. “

The AAM board of directors stated that it believes that the consolidation will release a cost synergy of $ 300 million, and it is expected to “realize” before the third year after completion.

The London headquarters in Victoria has more than 70 manufacturing locations and 7 innovation centers in the world. It has about 30,000 employees worldwide, including its joint venture. It describes that it is a market leader in the market leader and its products in the market leader in “side axis, PROPSHAFTS, all wheel drive systems and advanced differences”.

AAM is headquartered in Detroit, Michigan, with more than 75 facilities in 16 countries/regions, and about 21,000 employees worldwide.