American Axle & Manufacturing Renamed to Dauch Corporation
American Axle & Manufacturing (AXL) announced that on January 23, the company changed its name to "Dauch Corporation" by filing an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware. The Name Change and the Amendment became effective at 12:01 a.m. Eastern Time on January 26. As a result of the Name Change, effective February 5, the Common Stock will cease trading on the New York Stock Exchange under the name American Axle & Manufacturing Holdings and under the ticker symbol "AXL" and will begin trading on the New York Stock Exchange under the name Dauch Corporation (DCH) and under new ticker symbol, "DCH". The CUSIP of the company's common stock will not change in connection with the Name Change or the ticker symbol change. Following the Name Change, existing stock certificates, which reflect the former name of the company, will continue to be valid unless and until such certificates are exchanged for new stock certificates reflecting the new name of the company. The new name and branding will go into effect January 26 with a brand identity rollout that will commence with the completion of the acquisition, which is expected to occur on February 3.
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Court Sanction of Dauch and Dowlais Combination Scheme
- Combination Scheme Approved: The court has sanctioned the combination scheme between Dauch and Dowlais, which is expected to become effective on February 3, 2026, facilitating integration and synergies within the automotive supply chain.
- Prospectus Published: Dauch has published a prospectus approved by the FCA, marking the admission of its common stock to the London Stock Exchange, which is likely to attract more investor interest and enhance market confidence.
- Timetable Unchanged: There has been no material change to the expected timetable for the combination, ensuring stability in investor expectations and bolstering confidence in Dauch's future developments.
- Global Supply Chain Advantage: As a leading global Tier 1 automotive supplier, Dauch's merger will further enhance its technological capabilities in electric, hybrid, and internal combustion vehicles, driving the achievement of sustainability goals.
Court Sanction of Dauch and Dowlais Combination Scheme
- Combination Scheme Approved: The court has sanctioned the combination scheme between Dauch and Dowlais, expected to become effective on February 3, 2026, which will facilitate the integration of both companies in the automotive supply chain and enhance market competitiveness.
- Prospectus Published: Dauch has published a prospectus approved by the Financial Conduct Authority, marking the admission of its common stock to the London Stock Exchange, which is anticipated to attract more investor interest and enhance the company's financing capabilities.
- Timetable Unchanged: The expected timetable for the principal events of the combination remains unchanged, with the scheme set to become effective after the record time on February 2, 2026, ensuring a smooth transaction process.
- Industry Leadership: As a leading global Tier 1 automotive supplier, Dauch's merger will further solidify its technological advantages in electric, hybrid, and internal combustion vehicles, driving the achievement of sustainability goals.
