BRIEF-Dana Incorporated Announces Agreement To Combine With Eaton's Mobility Business, Strengthens Dana's Position As A Leading Global Powertrain Systems Provider

Dana
Eaton

Dana

DAN

0.00

Eaton

ETN

0.00

June 11 (Reuters) - Dana Inc DAN.N:

  • DANA INCORPORATED ANNOUNCES AGREEMENT TO COMBINE WITH EATON'S MOBILITY BUSINESS, STRENGTHENS DANA'S POSITION AS A LEADING GLOBAL POWERTRAIN SYSTEMS PROVIDER

  • DANA - EATON MOBILITY VALUED AT $5.1 BILLION; COMBINED COMPANY OVER $10 BILLION ENTERPRISE VALUE

  • DANA - COMBINED COMPANY EXPECTED TO ACHIEVE $250 MILLION RUN-RATE SYNERGIES WITHIN 24 MONTHS OF CLOSING

  • DANA - TIMOTHY KRAUS TO CONTINUE AS CFO; ERIN ROWSE TO SERVE AS CHIEF HUMAN RESOURCES OFFICER AT CLOSING

  • DANA - EATON SHAREHOLDERS TO OWN AT LEAST 50.1%, DANA SHAREHOLDERS 49.9% OF COMBINED COMPANY AT CLOSE

  • DANA - EATON TO RECEIVE CASH DISTRIBUTION OF ABOUT $1.1 BILLION

  • DANA - R. BRUCE MCDONALD TO SERVE AS EXECUTIVE CHAIRMAN OF COMBINED CO; BYRON FOSTER AS CEO EFFECTIVE JULY 1, 2026

  • DANA: WITH ADDITION OF EATON MOBILITY, NOW TARGETING $14 TO $15 BILLION IN SALES, ABOUT 18% ADJUSTED EBITDA MARGINS, 8%-9% ADJUSTED FCF MARGIN BY 2030

Source text: ID:nPn2kQDtYa

Further company coverage: DAN.N


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.