American Axle & Manufacturing Holdings $1.6 billion acquisition of Metaldyne Performance Group

3/11/2016

Public acquisition

Value:

$ 1.6 billion

Status:

Announced

Date:

3/11/2016

Overview:

American Axle & Manufacturing Holdings has acquired metal components manufacturer Metaldyne Performance Group in a $1.6 billion deal.
Metaldyne shareholders will get $13.50 and half of an American Axle share for each of their shares.
Greenhill & Co was lead financial adviser for American Axle.
The deal is expected to close in the first half of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Industrials and manufacturing

Firms:

Mayer Brown

Party: Greenhill & Co (Financial adviser)

Lawyer: William Kucera

Shearman & Sterling

Party: American Axle & Manufacturing Holdings (Acquirer)

Lawyers: Daniel Litowitz, Denise Grant, Scott Petepiece

Weil Gotshal & Manges

Party: Metaldyne Performance Group (Target)

Lawyer: Michael Lubowitz

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