American Axle & Manufacturing Holdings (AXL) said, at the court meeting and the general meeting held on Tuesday by Dowlais Group plc, 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, in connection with AAM's offer, to acquire the entire issued and to be issued share capital of Dowlais.
The Dowlais shareholder approval follows AAM stockholder approval on July 15, 2025 of proposals related to the combination. The combination is expected to close in the fourth quarter of 2025.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.