Dana Incorporated (NYSE:DAN) announced the sale of its Off-Highway business to Allison Transmission for $2.7 billion on Wednesday.
The board authorized a $1 billion capital return program through 2027.
“As we committed to last year, the sale of the Off-Highway business supports our strategy to become a streamlined light- and commercial-vehicle supplier with traditional and electrified systems,” said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana. “This transaction is a critical step in our transformation, meaningfully strengthening our balance sheet, reducing complexity in our business, and allowing us to return …
Full story available on Benzinga.com
Dana Incorporated (NYSE:DAN) announced the sale of its Off-Highway business to Allison Transmission for $2.7 billion on Wednesday.
The board authorized a $1 billion capital return program through 2027.
“As we committed to last year, the sale of the Off-Highway business supports our strategy to become a streamlined light- and commercial-vehicle supplier with traditional and electrified systems,” said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana. “This transaction is a critical step in our transformation, meaningfully strengthening our balance sheet, reducing complexity in our business, and allowing us to return …
Full story available on Benzinga.com
Dana Incorporated (NYSE:DAN) announced the sale of its Off-Highway business to Allison Transmission for $2.7 billion on Wednesday.
The board authorized a $1 billion capital return program through 2027.
“As we committed to last year, the sale of the Off-Highway business supports our strategy to become a streamlined light- and commercial-vehicle supplier with traditional and electrified systems,” said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana. “This transaction is a critical step in our transformation, meaningfully strengthening our balance sheet, reducing complexity in our business, and allowing us to return …Full story available on Benzinga.com Read MoreDAN, News, PT Changes, Price Target, Markets, Analyst Ratings, Trading Ideas, DAN, US2358252052, News, Price Target, Markets, Analyst Ratings, Trading Ideas, Benzinga Markets
