secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K
Filed at:   2026-06-11T20:26:48+00:00
Accession:  0001193125-26-267630
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana enters definitive agreement with Eaton for Reverse Morris Trust merger with SpinCo
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- Dana and Eaton signed definitive agreements on June 10, 2026 for a Reverse Morris Trust transaction involving Eaton's Vehicle and eMobility business.
- Following distribution of SpinCo shares to Eaton shareholders, Merger Sub will merge with Dana, with Dana surviving as a wholly-owned subsidiary of SpinCo.
- Former Eaton shareholders will own at least 50.1% and former Dana shareholders approximately 49.9% of SpinCo common stock on a fully diluted basis.
- SpinCo will pay Eaton Ohio approximately $1.1 billion prior to distribution; Goldman Sachs committed a $2.6 billion bridge facility to Dana and SpinCo.
- Transaction approved by both boards; completion requires Dana shareholder approval, regulatory clearances, and tax opinions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312526267630/0001193125-26-267630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312526267630/d71897d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-267630

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