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American Axle & Manufacturing Holdings Inc (AXL.N)

AXL.N on New York Stock Exchange

17.90USD
8 Dec 2016
Change (% chg)

$0.41 (+2.34%)
Prev Close
$17.49
Open
$17.61
Day's High
$17.92
Day's Low
$17.34
Volume
422,769
Avg. Vol
353,043
52-wk High
$21.79
52-wk Low
$11.44

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American Axle's $1.6 billion Metaldyne buy to help grow beyond GM

American Axle & Manufacturing Holdings Inc has agreed to buy Metaldyne Performance Group Inc for about $1.6 billion, the companies said on Thursday, in a cash-and-stock deal that would lower the U.S. auto parts maker's dependence on General Motors Co .

UPDATE 3-American Axle's $1.6 bln Metaldyne buy to help grow beyond GM

* Deal expected to close in first half of 2017 (Adds Breakingviews link, updates share prices)

Fitch Places American Axle's Ratings on Negative Watch Following Metaldyne Acquisition Announcement

(The following statement was released by the rating agency) CHICAGO, November 03 (Fitch) Fitch Ratings has placed the ratings of American Axle & Manufacturing Holdings, Inc. (AXL) and its American Axle & Manufacturing, Inc. (AAM) subsidiary on Rating Watch Negative. This includes the 'BB' Long-Term (LT) Issuer Default Ratings (IDRs), as well as AAM's secured revolving credit facility (RCF) and senior unsecured notes ratings. The rating action follows today's announcement that AXL will acqui

BRIEF-American Axle to buy Metaldyne Performance for $1.6 bln

* Deal expected to deliver annual cost synergies in range of $100 million to $120 million

American Axle to buy Metaldyne Performance for $1.6 bln

Nov 3 U.S. auto-parts maker American Axle & Manufacturing Holdings Inc said it would buy Metaldyne Performance Group Inc for about $1.6 billion in a cash-and-stock deal to bolster its powertrain and drivetrain product lines.

Fitch Upgrades American Axle's IDR to 'BB'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, October 03 (Fitch) Fitch Ratings has upgraded the Issuer Default Ratings (IDRs) of American Axle & Manufacturing Holdings, Inc. (AXL) and its subsidiary American Axle & Manufacturing, Inc. (AAM) to 'BB' from 'BB-'. Fitch has also affirmed the rating on AAM's secured revolving credit facility at 'BB+/RR1'. Fitch has upgraded AAM's senior unsecured notes rating to 'BB/RR4' from 'BB-/RR4'. A full list of rating actions follow

BRIEF-American Axle reports Q2 earnings of $0.90/ share

July 29 American Axle & Manufacturing Holdings Inc

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