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Man Group Discloses 1.84% Stake in Dowlais Group
ByAinvest
Monday, Aug 18, 2025 3:53 am ET1min read
Man Group PLC has disclosed an opening position of 24,263,111 shares (1.84%) in Dowlais Group plc, an offeror in a possible cash offer by American Axle & Manufacturing Holdings, Inc. The disclosure was made on August 15, 2025.
Man Group PLC has disclosed a significant opening position in Dowlais Group plc, an offeror in a potential cash offer by American Axle & Manufacturing Holdings, Inc. The disclosure, made on August 15, 2025, reveals that Man Group holds 24,263,111 shares (1.84%) in Dowlais Group plc [2].The disclosure follows Rule 8.3 of the Takeover Code, which mandates public opening position disclosures by persons with interests in relevant securities representing 1% or more. The position held by Man Group is significant, as it constitutes a notable stake in a company that is a key player in the financial services sector.
Man Group PLC, a leading global investment manager, has been active in making strategic investments and managing assets for clients. The company's decision to disclose its position in Dowlais Group plc is a testament to its commitment to transparency and regulatory compliance.
The disclosure also highlights the potential strategic importance of the deal between American Axle & Manufacturing Holdings, Inc. and Dowlais Group plc. While the exact nature and terms of the offer remain unknown, the involvement of a major investment manager like Man Group PLC suggests that the deal could have significant implications for the financial markets.
Investors and financial professionals should closely monitor the developments surrounding this potential cash offer. The disclosure by Man Group PLC is a crucial piece of information that provides insight into the strategic considerations and market dynamics at play.
References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-15:newsml_RSO5859Va:0-reg-schonfeld-strategic-american-axle-mfg-dowlais-group-plc-form-8-3-american-axle-manufacturing-holdings/
[2] https://www.globenewswire.com/news-release/2025/08/14/3133187/0/en/Man-Group-PLC-Form-8-3-Dowlais-Group-plc.html
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