---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-26-000006"
form_type: "8-K"
ticker: "DAN"
cik: "0000026780"
company_name: "DANA Inc"
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:51:40.549610+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dana completes $2.73B sale of off-highway business to Allison Transmission

## Summary
- Purchase price of $2.732B in cash; multiple of 7.5x expected 2025 adjusted EBITDA.
- Proceeds to reduce debt by ~$2B, targeting net leverage of 1x over business cycle.
- Plans to return $1B to shareholders through 2027; $650M already returned since announcement.
- Dana becomes more focused on light- and commercial-vehicle traditional and electrified systems.
- Transaction closed Jan 1, 2026; Goldman Sachs & Morgan Stanley were financial advisors.

## SEC filing metadata
- accession: 0000950142-26-000006
- form_type: 8-K
- ticker: DAN
- cik: 0000026780
- company_name: DANA Inc
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26780/000095014226000006/0000950142-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26780/000095014226000006/eh260721543_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-26-000006
- JSON: https://secwatch.observer/filing/0000950142-26-000006.json
- Plain text: https://secwatch.observer/filing/0000950142-26-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.