secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0000950142-26-000006
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000095014226000006/0000950142-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000095014226000006/eh260721543_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer