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News  ›  GlobeNewswire Inc.

Man Group PLC : Form 8.3 - American Axle & Manufacturing Holdings, Inc

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Man Group PLC : Form 8.3 - American Axle & Manufacturing Holdings, Inc

Man Group PLC has filed a Form 8.3 disclosure under the Takeover Code, revealing its interests and short positions in American Axle & Manufacturing Holdings, Inc. in connection with a potential offer involving Dowlais Group plc. The disclosure shows Man Group holds 258,414 shares (0.21%) and has cash-settled derivative short positions of 1,995,831 securities (1.68%), with recent swap transactions increasing short positions.

Insights
MSpF   neutral

Mentioned in additional notifications but no substantive details provided about their role or impact in the main article


AXL   negative

Man Group's significant short position (1.68% via derivatives) suggests bearish sentiment on the company's prospects, particularly in context of the potential Dowlais Group offer