Dana to combine with GKN Driveline division

Dana Incorporated announced a definitive agreement to combine with GKN's Driveline division, creating Dana plc. The total consideration includes $1.6 billion cash, assumption of $1.0 billion in net pension liabilities, and 133 million new Dana shares valued at $3.5 billion. Dana shareholders will own 52.75% of the combined company.

“This transformative and strategic transaction solidifies Dana as a world leader in vehicle drive systems and establishes a leading position in electric propulsion.”sec.gov

• 5 sources
• sec.govEX-99.2Mar 9, 2018
• sec.govForm425.htmMar 9, 2018
• autonews.comDana agrees to $6.1 billion tie-up with GKN driveline unit - Automotive NewsLarry P. VellequetteMar 9, 2018
• mexico-now.comGKN agrees to merge its automotive division with Dana Inc., including two Mexican plants - MEXICONOWMar 9, 2018
• ttnews.comDana Inc. Moves to Acquire Driveline Division of GKN - TTRoger GilroyMar 14, 2018

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