Dana rises on $2.7 billion sale of off-highway business to Allison Transmission

Allison Transmission Holdings

11/06/2025 21:53

** Shares of auto components provider Dana DAN.N rise 7.2% to $18.99 in extended trading

** Dana said it has reached a definitive agreement to sell its off-highway business to Allison Transmission ALSN.N for $2.7 billion

** DAN also announced a new $1 billion capital return authorization through 2027, with $550 million of capital return to shareholders at or before closing of the off-highway business sale

** Deal expected to close late in the fourth quarter of 2025

** Up to last close, stock had risen 53% YTD

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))