Dana to combine with Eaton's Mobility business in $5.1B reverse Morris Trust deal

Dana Incorporated agreed to combine with Eaton Corporation's Mobility business in a Reverse Morris Trust transaction valuing the deal at approximately $5.1 billion, with Eaton shareholders owning at least 50.1% of the combined entity. The merger creates an $11 billion revenue powertrain leader with $250 million in expected run-rate synergies and positions Dana to achieve $14-15 billion in sales by 2030.