Allison Transmission to buy Dana's off-highway business for $2.732 billion
Allison Transmission agreed on June 11, 2025 to acquire Dana Incorporated's off-highway business for a purchase price of $2.732 billion, subject to working capital and net indebtedness adjustments. The company obtained commitments for a $2 billion 364-day bridge loan to help fund the deal, and it expects the closing in late fourth quarter 2025, pending regulatory approvals.
Key points
- Purchase price of $2.732 billion, adjusted for working capital and net indebtedness
- Lenders Barclays Bank PLC, Bank of America, N.A., BofA Securities, Inc. and Citigroup Global Markets Inc. committed to a $2 billion 364-day senior unsecured bridge term loan
- Allison would pay Dana a $120 million termination fee in certain cases where the deal fails on competition or foreign investment approvals
- Closing projected late in the fourth quarter of 2025 and not subject to a financing or stockholder approval condition
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 13, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.