Dana incorporated announces agreement to sell off-highway business for $2.7 billion; $1 billion capital return authorization

Price represents 7x the expected 2025 adjusted ebitda of the off-highway business  strengthens balance sheet through substantial debt reduction positions dana with a streamlined go-to-market approach dedicated to on-highway light- and commercial-vehicle customers announcing 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 maumee, ohio , june 11, 2025 /prnewswire/ -- dana incorporated (nyse: dan) today announced that it has reached a definitive agreement to sell its off-highway business to allison transmission holdings, inc. (nyse: alsn; "allison") for $2.7 billion. this represents 7x the expected 2025 adjusted ebitda of the off-highway business.
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