Allison Transmission Acquires Dana's Off-Highway Business to Strengthen Global Leadership
TL;DR Summary
Dana Incorporated has completed the sale of its Off-Highway business to Allison Transmission for $2.7 billion, a move that strengthens its focus on light- and commercial-vehicle markets, reduces debt by about $2 billion, and plans to return $1 billion to shareholders by 2027, supporting its ongoing transformation and growth strategy.
Topics:business#allison-transmission#business#dana-incorporated#divestiture#financial-strategy#off-highway-sale
- Dana Incorporated Completes Sale of Off-Highway Business Dana Incorporated
- Dana Sells Off-Highway Unit to Refocus Business TipRanks
- Allison Transmission Holdings, Inc. Announces Executive Appointments marketscreener.com
- Allison Transmission completes purchase of Dana's Off-Highway business (ALSN:NYSE) Seeking Alpha
- Allison Transmission Completes Acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems Business, Creating a Premier, Global Industrial Leader PR Newswire
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