secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2025-06-11T23:59:59+00:00
Accession:  0000950142-25-001601
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000095014225001601/0000950142-25-001601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000095014225001601/eh250640445_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001601

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