Allison Transmission to acquire Dana's off-highway business for $2.7B

Allison Transmission Holdings Inc

Acquisition price $2.7B; expected to close late Q4 2025, pending regulatory approvals.
Transaction expected to be immediately accretive to diluted EPS with ~$120M annual run-rate synergies.
Dana off-highway business operates in 25+ countries with ~11,000 employees, providing axles, propulsion, and hybrid/electric drive systems.
Allison to finance with cash and debt; committed financing from Barclays, BofA Securities, and Citigroup.
Investor call scheduled for June 12, 2025 at 8:45 a.m. EDT to discuss transaction details.

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