Dana sells off-highway business to Allison for $2.7B; authorizes $1B capital return

DANA Inc

Sale price represents 7x expected 2025 adjusted EBITDA; net cash proceeds after tax ~$2.4B.
Dana plans to repay ~$2B debt to achieve target net leverage of approximately 1x.
Board authorized $1B capital return program through 2027; $550M at or before deal close.
Transaction expected to close late Q4 2025, subject to customary regulatory approvals.
Dana to become streamlined on-highway supplier with focus on light- and commercial-vehicle customers.

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