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GAMCO files Form 8.3 disclosing 0.84% cash-settled derivative short in American Axle

Naina Khan
Published on 2025-08-15 11:31:00
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GAMCO files Form 8.3 disclosing 0.84% cash-settled derivative short in American Axle

GAMCO Investors Submits Disclosure Under Takeover Code

LONDON — GAMCO Investors, Inc. has submitted a Form 8.3 opening position disclosure under Rule 8.3 of the Takeover Code in relation to American Axle & Manufacturing Holdings, Inc.

Details of the Filing

The filing reports that the position was held as of August 14, 2025, and the disclosure was made public on August 15, 2025. GAMCO also indicated it is making related disclosures concerning Dowlais Group plc.

Shareholdings and Derivatives

Under the ordinary share class, GAMCO disclosed cash-settled derivative interests totaling 988,472 reference securities, equal to 0.84% of the company’s relevant securities. No stock-settled derivatives, direct shareholdings, or subscription rights were reported in this filing.

Dealing and Short Positions

The disclosure records a dealing that increased a short position via a contract for difference (CFD) covering 35,000 reference securities at a price of GBP 4.30 per unit.

Additional Information

GAMCO stated there are no indemnities, option arrangements, or other agreements relating to these securities, and no supplemental Form 8 ...

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