American Axle & Manufacturing (AAM) and Dowlais Group have received Chinese antitrust clearance for their planned merger in February 2026, completing all necessary regulatory approvals. The $1.44bn deal involves Dowlais shareholders receiving cash, new AAM common shares, and a dividend. AAM investors are set to control 51% of the combined company. The transaction values Dowlais at 85.2 pence per share, a 25% premium. Dowlais Group is a prominent automotive engineering and car parts maker with global operations in automotive technology and powder metallurgy. The merger, aimed at creating a global leader with enhanced financial strength and a market-leading product portfolio, has also received approvals from the European Commission and other jurisdictions. The final step is court approval scheduled for January 30, 2026.

Read more at Yahoo Finance: AAM and Dowlais win Chinese antitrust approval for $1.44bn merger