DAN news

Eaton Corporation is separating its mobility segment into Dana Incorporated through a spin-off distribution to shareholders. The transaction creates an independent publicly-traded company focused on vehicle propulsion systems and power distribution.

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 …

Eaton agreed to separate its Mobility Group and combine it with Dana Incorporated in a reverse Morris trust transaction valued over $10 billion, with Eaton receiving $1.1 billion in cash. The deal allows Eaton to focus on higher-growth Electrical and Aerospace businesses while creating $250 million …