AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. TO BECOME "DAUCH CORPORATION" AND TRADE ON NYSE UNDER NEW TICKER SYMBOL "DCH"
As a result of the Name Change, effective
"This is a transformational moment for our company and its stockholders and another visible milestone in our long-term strategy as we prepare for the planned business acquisition of Dowlais Group and its subsidiaries," said
The new name and branding will go into effect today with a brand identity rollout that will commence with the completion of the acquisition, which is expected to occur on
No action is required by the Company's stockholders with respect to the Name Change or the ticker symbol change.
About
As a leading global Tier 1 Automotive Supplier, Dauch designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in
Contacts:
+1 (313) 758-4814
Chris.son@aam.com
+1 (313) 758-2006
David.lim@aam.com
Forward-looking statements
In this announcement, Dauch makes statements concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance, including, but not limited to, certain statements related to the ability of Dauch and Dowlais Group plc ("Dowlais") to consummate Dauch's business combination with Dowlais (the "Business Combination") in a timely manner or at all, the closing the Business Combination and the regulatory approval process. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect Dauch's or the combined company's future financial position and operating results. The terms such as "will," "may," "could," "would," "plan," "believe," "expect," "anticipate," "intend," "project," "target," and similar words or expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties related to Dauch include factors detailed in the reports Dauch files with the
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