Dana to sell off-highway business to Allison Transmission for $2.732B

DANA Inc

Purchase price of $2.732B, subject to working capital and net debt adjustments.
Closing projected late Q4 2025, pending customary regulatory approvals; no shareholder vote or financing condition.
Termination fee of $120M payable by Allison if deal fails due to regulatory issues.
Dana agrees to five-year non-compete and customary covenants; representations and warranties survive for 30 months.
Proceeds expected to be used to repay debt and return capital to shareholders.

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