• Dana outlined plans to combine with Eaton’s Mobility Group via a Reverse Morris Trust, creating a powertrain platform with implied enterprise value above $10 billion.
• Eaton Mobility valued at about $5.1 billion enterprise value; ownership split set at about 50.1% for Eaton shareholders, 49.9% for Dana shareholders.
• Deal terms include about $1.1 billion cash distribution to Eaton at close, funded with new debt; equity component valued at about $4 billion.
• Management expects 2026E combined sales of about $11 billion, pro forma adjusted EBITDA of about $1.7 billion, adjusted EBITDA margin near 15%.
• Targets $250 million annual run-rate cost synergies within 24 months of closing; transaction expected to close in Q1 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DANA Incorporated published the original content used to generate this news brief on June 11, 2026, and is solely responsible for the information contained therein.