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AI brief of an SEC Form 8-K · Dana Incorporated (DAN)

Dana completes $2.7 billion sale of Off-Highway business to Allison Transmission

Positive Impact 4 of 5 m&a Written later

Dana Incorporated completed the sale of its Off-Highway business to Allison Transmission Holdings, Inc. on January 1, 2026, for $2.732 billion in cash, subject to certain adjustments. Dana says the deal will allow it to reduce debt by about $2 billion and return $1 billion to shareholders through 2027, including about $650 million already returned, which matters to shareholders because it changes the company's debt level and capital return plans.

Key points

  • Sale closed January 1, 2026, for $2.732 billion in cash, subject to adjustments.
  • Buyer is Allison Transmission Holdings, Inc. (NYSE: ALSN); Dana says the deal is valued at 7.5 times the business's expected 2025 adjusted EBITDA.
  • Dana plans to reduce debt by about $2 billion to reach target net leverage of 1x over the business cycle.
  • Dana plans to return $1 billion to shareholders through 2027, with about $650 million already returned; the target is $50 million above the prior target.

The filing

CompanyDana Incorporated (DAN)
Form8-K, current report
Filed with the SECJan 2, 2026, 4:48 PM ET
Accession number0000950142-26-000006

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 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 January 02, 2026.

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.