What is the size and nature (long or short) of Weiss Asset Management's disclosed position in AXL?

Answer

Weiss Asset Management LP disclosed that it holds a long (i.e., “buy”) position in American Axle & Manufacturing Holdings, Inc. (ticker AXL) that is equal to or exceeds the 1 % threshold that triggers a Rule 8.3 public‑opening‑position disclosure under the UK Takeover Code.

• Nature of the position: Long (the firm is a holder of the shares, not a short‑seller).
  
• Size of the position: At least 1 % of the relevant securities of AXL. The exact number of shares or the precise percentage above 1 % is not given in the excerpt you provided, but the fact that a Rule 8.3 filing was required confirms that the holding meets or exceeds the 1 % ownership level.

Why this matters

• Under the UK Takeover Code, any person or entity that holds 1 % or more of a company’s relevant securities must publicly disclose the size and nature of that holding (Rule 8.3).
  
• The disclosure is intended to give the market transparency about who is accumulating a material stake in the target company and whether the holder is a potential “interested party” in any takeover activity.
  

Conclusion

Weiss Asset Management LP’s disclosed position in AXL is a long position that is ≥ 1 % of the company’s relevant securities. The precise share count or percentage above the 1 % floor is not specified in the information you supplied.