Dana rises on $2.7 billion sale of off-highway business to Allison Transmission

ReutersJun 11, 2025 8:53 PM

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Shares of auto components provider Dana DAN.N rise 7.2% to $18.99 in extended trading

Dana said it has reached a definitive agreement to sell its off-highway business to Allison Transmission ALSN.N for $2.7 billion

DAN also announced a new $1 billion capital return authorization through 2027, with $550 million of capital return to shareholders at or before closing of the off-highway business sale

Deal expected to close late in the fourth quarter of 2025

Up to last close, stock had risen 53% YTD

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