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Dana Inc (DAN.N)

DAN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dana Incorporated reports tender offer for 2021 notes
Tuesday, 21 Mar 2017 07:40am EDT 

Dana Inc : Dana Incorporated announces tender offer for 2021 notes . Dana Inc - announced commencement of a cash tender offer for up to $75 million aggregate principal amount of its 5.375 pct senior notes due 2021 .Dana Inc- offer is scheduled to expire at end of April 17, 2017.  Full Article

Dana launches $400 mln senior notes offering
Tuesday, 21 Mar 2017 07:40am EDT 

Dana Inc : Dana launches $400 million senior notes offering . Dana Inc - its unit is proposing to issue $400 million aggregate principal amount of senior unsecured notes due 2025 in a private offering .Dana -intends to use net proceeds from offering of 2025 notes to repay about $180 million of indebtedness of co's units, among the others.  Full Article

Dana Incorporated reports Q4 EPS $3.34
Thursday, 9 Feb 2017 06:59am EST 

Dana Inc : Dana incorporated announces fourth-quarter, full-year 2016 financial results . Q4 earnings per share $3.34 . Q4 sales $1.45 billion versus I/B/E/S view $1.4 billion . Q4 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.59 excluding items . Year-end sales backlog of $750 million . Sees 2017 capital spending of $350 to $370 million . Sees 2017 sales of $6.2 billion to $6.4 billion . Sees 2017 free cash flow of $50 to $90 million. . Dana has affirmed key financial guidance for 2017 .FY2017 earnings per share view $1.86, revenue view $6.08 billion -- Thomson Reuters I/B/E/S.  Full Article

Dana Incorporated announces preliminary 2016 financial results
Tuesday, 10 Jan 2017 07:00am EST 

Dana Inc : Dana incorporated announces preliminary 2016 financial results, provides guidance for 2017 . Preliminary 2016 sales of $5.8 billion . End-Market demand for light trucks is expected to improve slightly in 2017 . Dana's 2017-2019 sales backlog as of dec. 31, 2016, at $750 million . Dana Inc sees 2017 sales of $5.8 to $6.0 billion, or $6.2 to $6.4 billion, including acquisition . Sees 2017 increased sales from new business backlog are expected to add approximately $175 million to sales . Dana inc sees 2017 diluted adjusted eps of $1.75 to $1.85, or $1.85 to $1.95, including acquisition . Sees 2017 currency is expected to be a headwind of about $150 million . Dana Inc sees 2017 capital spending of $340 to $360 million .Dana Inc-q4 2016 agreement to buy power-transmission,fluid power businesses of brevini group;expected to close q1 2017,add $350 million to 2017 sales.  Full Article

CPI card group appoints new CFO
Tuesday, 13 Dec 2016 04:10pm EST 

CPI Card Group Inc : CPI card group inc - appointment of lillian etzkorn as its chief financial officer, effective January 1, 2017 . CPI card group inc- appointment of lillian etzkorn as its chief financial officer, effective January 1, 2017 . CPI card group inc- brush will continue in an advisory capacity to company through June 30, 2017 . CPI card group inc- david brush will be ending his service as CFO on December 31, 2016 .CPI card group appoints new chief financial officer.  Full Article

Dana nears start of production on spicer axles
Tuesday, 22 Nov 2016 07:00am EST 

Dana Inc : Production on first of spicer axles models, spicer 246, will begin in Q1 of 2017, with models 245 and 247 to soon follow .Dana nears start of production on spicer® axles for rough-terrain cranes.  Full Article

Nichias plans full acquisition of Nippon Reinz at 2.7 bln yen
Monday, 21 Nov 2016 02:38am EST 

Nichias Corp <5393.T> : Says it plans to fully acquire 100 percent stake of shares in a Kanagawa-based car component maker Nippon Reinz Co Ltd, from Germany firm Reinz Dichtungs GmbH and Mitsubishi Cable Industries Ltd .Says acquisition amount is totaling 2.7 billion yen and transaction date on Nov. 30.  Full Article

Dana to purchase power-transmission, fluid power businesses of Brevini Group
Friday, 18 Nov 2016 06:55am EST 

Dana Inc - : Dana to purchase power-transmission, fluid power businesses of Brevini Group . Has valued 100 percent of Brevini businesses at EUR 325 million, including assumption of approximately eur 100 million of net debt. . Dana expects purchase to be accretive to earnings in 2017 . Dana plans to initially purchase an 80 percent share in brevini businesses, with an option to purchase remaining 20 percent by 2020 .Transaction will be funded with cash on hand, with existing brevini debt to be refinanced in future.  Full Article

Dana to purchase strategic driveline production assets of SIFCO S.A. in Brazil
Wednesday, 12 Oct 2016 08:00am EDT 

Dana Inc : Dana to purchase strategic driveline production assets of SIFCO S.A. in Brazil .Dana Inc - Dana would acquire manufacturing and other assets of SIFCO.  Full Article

Dana Holding sees FY 2016 sales of $5.8 bln To $6.0 bln
Thursday, 21 Jul 2016 06:59am EDT 

Dana Holding Corporation Announces Second : Fy2016 earnings per share view $1.61, revenue view $5.74 billion -- Thomson Reuters I/B/E/S . Quarter 2016 financial results; affirms full-year guidance . Q2 adjusted earnings per share $0.53 . Q2 earnings per share $0.36 . Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S . Sees fy 2016 adjusted earnings per share $1.65 to $1.75 excluding items . Sees fy 2016 sales $5.8 billion to $6.0 billion . Q2 sales $1.55 billion versus i/b/e/s view $1.52 billion .Commercial vehicle driveline business anticipated lower volumes and improved their margins for q2 in a row.  Full Article

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BRIEF-Dana Incorporated reports tender offer for 2021 notes

* Dana Inc - announced commencement of a cash tender offer for up to $75 million aggregate principal amount of its 5.375 pct senior notes due 2021