U.S. Auto-Parts Maker American Axle To Buy Britain's Dowlais For $1.4 Billion

1. American Axle is acquiring Dowlais Group for $1.44 billion. 2. The deal offers Dowlais shareholders a 25% premium on recent stock prices. 3. Projected annual revenues post-merger are expected to reach $12 billion. 4. The acquisition aims to enhance geographic presence and cash flow. 5. Dowlais' stock has declined 38.5% since its market debut.