---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-266654"
form_type: "8-K"
ticker: "DAN"
cik: "0000026780"
company_name: "DANA Inc"
filed_at: "2026-06-11T10:42:13+00:00"
generated_at: "2026-06-11T10:45:19.986510+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Dana to combine with Eaton Mobility in $5.1B deal; combined revenue ~$11B

## Summary
- Transaction values Eaton Mobility at ~$5.1B (~8.3x 2026E adj. EBITDA before synergies); combined company enterprise value over $10B.
- Reverse Morris Trust structure: Eaton shareholders own ≥50.1%, Dana shareholders ~49.9% post-close; Eaton receives ~$1.1B cash distribution.
- Pro forma 2026 estimated sales ~$11B, adj. EBITDA ~$1.7B (~15% margin); $250M annual run-rate synergies within 24 months.
- New leadership: R. Bruce McDonald as Executive Chairman, Byron Foster as CEO (effective July 1, 2026); Timothy Kraus remains CFO.
- Dana raises 2030 targets: $14-15B sales, ~18% adj. EBITDA margin, 8-9% adj. FCF margin; deal expected to close Q1 2027.

## SEC filing metadata
- accession: 0001193125-26-266654
- form_type: 8-K
- ticker: DAN
- cik: 0000026780
- company_name: DANA Inc
- filed_at: 2026-06-11T10:42:13+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26780/000119312526266654/0001193125-26-266654-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26780/000119312526266654/d114836d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-266654
- JSON: https://secwatch.observer/filing/0001193125-26-266654.json
- Plain text: https://secwatch.observer/filing/0001193125-26-266654.txt

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