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Dowlais Group PLC ( (GB:DWL) ) has issued an update.
Dowlais Group PLC has announced the cancellation of its share buyback programme, initially intended to procure ordinary shares up to £50 million. This decision coincides with its planned cash and share combination with American Axle & Manufacturing Holdings, Inc., indicating a strategic shift in focus that could have significant implications for the company’s future financial strategies and stakeholder interests.
More about Dowlais Group PLC
Dowlais Group PLC operates in the manufacturing sector, focusing on delivering engineering solutions and products, potentially spanning multiple industries.
YTD Price Performance: 0.37%
Average Trading Volume: 4,121,975
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £912.7M
Learn more about DWL stock on TipRanks’ Stock Analysis page.
