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

Dana agrees to Reverse Morris Trust deal with Eaton's Vehicle and eMobility units

Neutral Impact 5 of 5 m&a Written later

On June 10, 2026, Dana entered into definitive agreements with Eaton under which Eaton's Vehicle and eMobility businesses would be spun off as SpinCo and then merged with Dana, with Dana surviving as a wholly owned subsidiary of SpinCo, which would be renamed Dana Incorporated. Former Dana shareholders would own approximately 49.9% of SpinCo on a fully diluted basis, and the deal requires a Dana shareholder vote and regulatory clearances before closing.

Key points

  • Former Eaton shareholders would own at least 50.1% and former Dana shareholders about 49.9% of SpinCo on a fully diluted basis.
  • SpinCo would make a cash payment of approximately $1.1 billion to Eaton Ohio before the distribution, subject to adjustments.
  • Goldman Sachs Bank USA committed to provide $2.6 billion of 364-day bridge financing to Dana and SpinCo, to be replaced with permanent financing.
  • Closing requires approval by holders of a majority of Dana common stock and certain U.S. and international regulatory clearances.

The filing

CompanyDana Incorporated (DAN)
Form8-K, current report
Filed with the SECJun 11, 2026, 4:26 PM ET
Accession number0001193125-26-267630

Items reported: 1.01 Material Definitive Agreement

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 June 11, 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.