WebThe similar sizes of Dana and GKN Driveline -- Dana’s annual revenues of $7.2 billion roughly equate to Driveline’s 5.3 billion pounds ($7.29 billion) -- plus the fact that any deal would be ... WebMar 9, 2024 · Dana Inc. has signed definitive agreements to combine with the Driveline division of GKN plc to create Dana plc, a global leader in driveline systems. The total …
Dana News – Agreement to Combine with GKN
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Dana Increases Cash Consideration for GKN Driveline by £100 …
WebMar 9, 2024 · Mar 9, 2024. MAUMEE, Ohio, March 9, 2024 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has signed definitive agreements to combine with the Driveline division of GKN plc (LON: GKN) to create Dana plc, a global leader in driveline systems. The total consideration is composed of $1.6 billion in cash … WebMar 28, 2024 · "The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders. It establishes the largest global supplier of vehicle drive systems, and creates a business that is able ... WebWithin the current offer, Dana will issue 133mm shares of stock ($3,500mm valuation), which will give GKN Driveline shareholders a 47.25% stake in the combined entity. sunday housecall mediterranean diet