American Axle & Manufacturing Holdings, Inc.
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DETROIT, April 11, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the BofA Securities 2025 Global Automotive Summit on April 15.
AAM is scheduled to webcast the fireside chat presentation at 1:20 p.m. ET. The live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event.
DETROIT, March 17, 2025 /PRNewswire/ -- American Axle & Manufacturing (NYSE: AXL) has named Terry Grayson-Caprio to its Board of Directors. Grayson-Caprio is a retired Managing Partner of KPMG LLP.
"I am pleased to welcome Terry as the latest addition to the AAM Board of Directors," said David C. Dauch, AAM's Chairman and CEO. "Her financial expertise, together with her experience partnering with global companies on transformational change, large-scale growth, and integration further strengthens the background and skills represented on our Board."
Combination Update: Positive Development in U.S. Antitrust Clearance
DETROIT, March 13, 2025 /PRNewswire/ -- AAM (NYSE: AXL) and Dowlais are pleased to announce the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") for the proposed combination of Dowlais with AAM.
The expiration of the waiting period under the HSR Act satisfies one of the conditions to closing the Combination. Filing processes in other jurisdictions are progressing and the Combination is expected to close in the fourth quarter of 2025, subject to satisfaction of the remaining conditions as set out in the Rule 2.7 announcement released by AAM and Dowlais on 29 January 2025 (the "Rule 2.7 Announcement").
DETROIT, March 11, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the Wolfe Research Virtual Autos Summit on March 18.
AAM is scheduled to participate in a fireside chat at 11:40 a.m. ET. The live webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event.
DETROIT, Feb. 24, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) has announced the successful syndication of the bridge financing to support the announced Combination with the Dowlais Group plc (Dowlais) on January 29, 2025 (the "Combination"). Prior to the Combination announcement, J.P. Morgan had exclusively underwritten the committed financing to support AAM's requirements in connection with the Combination.
AAM Delivers Solid Full Year 2024 Adjusted EBITDA Growth
DETROIT, Feb. 14, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2024.
Fourth Quarter 2024 Results
Sales of $1.38 billionNet loss of $(13.7) million, or (1.0)% of salesAdjusted EBITDA of $160.8 million, or 11.6% of salesLoss per share of $(0.12); Adjusted loss per share of $(0.06)Net cash provided by operating activities of $151.2 million; Adjusted free cash flow of $79.2 million
DETROIT, Jan. 31, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will hold a conference call to discuss fourth quarter and full year 2024 financial results and other related matters at 10:00 a.m. ET on Friday, February 14, 2025. A press release announcing the results will be issued before the market opens on the same day and will be available at www.aam.com.
NEW YORK, Jan. 30, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Paragon 28, Inc. (NYSE: FNA)'s sale to Zimmer Biomet Holdings, Inc. for $13.00 per share in cash. Paragon 28 shareholders will also receive a non-tradeable contingent value right entitling the holder to receive up to $1.00 per share in cash if certain revenue milestones are achieved. If you are a Paragon 28 shareholder, click here to learn more about your rights and options.
NEW YORK, Jan. 29, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), relating to the proposed merger with Dowlais Group plc. Under the terms of the agreement, Dowlais shareholders will be entitled to receive, per share of Dowlais' common stock, 0.0863 shares of new AAM common stock, 42 pence per share in cash and up to a 2.8 pence of Dowlais FY24 final dividend prior to closing.
Creates leading global driveline and metal forming supplier with comprehensive product portfolio and diversified customer base
Combination will have expanded and balanced geographic presence across multiple automotive segments supporting ICE, Hybrid and Electric powertrains; expected to generate annual revenues of approximately $12 billion on a non-adjusted combined basis
Expected to deliver approximately $300 million annual run rate cost synergies and high earnings accretion in the first full year following the close of the transaction
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