Dana to combine with GKN's Driveline division in merger creating Dana plc

Dana signed definitive agreements to combine with GKN plc's Driveline division into a new UK-domiciled Dana plc. GKN plc receives $1.6 billion cash, assumption of about $1.0 billion pension liabilities and 133 million new shares valued at about $3.5 billion.

“The total consideration is composed of $1.6 billion in cash proceeds to GKN plc, the assumption of approximately $1.0 billion of net pension liabilities, and 133 million new Dana plc shares.”dana.com

• 1 source
• dana.comDana Announces Agreement to Combine with GKN's Driveline DivisionMar 9, 2018

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