Search
U.S. auto parts and powertrain supplier Dana will merge its Mobility business with Eaton's Mobility business
8 hour ago /
Read about 0 minute
Author：小编
According to an announcement on June 11, U.S. auto parts and powertrain supplier Dana Incorporated has reached a definitive agreement with intelligent power management company Eaton to merge their respective Mobility businesses, with the transaction valued at approximately $5.1 billion. The deal will utilize a Reverse Morris Trust structure, and upon completion, Eaton shareholders will hold at least 50.1% of the combined company, while Dana shareholders will own approximately 49.9%. Under the agreement, Eaton will receive a cash distribution of approximately $1.1 billion (subject to adjustments based on cash and debt conditions).
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
