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