Dana Inc (DAN.N)

Mon, Jul 30 2018

Oerlikon sells drives business to Dana for around 600 million Swiss francs

ZURICH OC Oerlikon has agreed to sell its drives unit to U.S. engineering company Dana Inc , the Swiss company said on Monday after shelving a planned listing of the business.

UPDATE 1-Oerlikon sells drives business to Dana for around 600 mln Sfr

ZURICH, July 30 OC Oerlikon has agreed to sell its drives unit to U.S. engineering company Dana Inc , the Swiss company said on Monday after shelving a planned listing of the business.

Oerlikon sells drive systems segment to Dana in 600 mln sfr deal

ZURICH, July 30 OC Oerlikon said on Monday it had agreed to sell its drives unit to U.S. engineering company Dana Inc - a deal triggered after the Swiss company shelved a planned listing of the business.

BRIEF-Oerlikon Signs Definite Agreement With Dana For Sale Of Drive Systems Segment

* OERLIKON SIGNED DEFINITE AGREEMENT WITH DANA INC. FOR SALE OF DRIVE SYSTEMS SEGMENT

BRIEF-Dana To Purchase Drive Systems Segment Of Oerlikon Group

* SAYS DANA WILL ACQUIRE OERLIKON'S DRIVE SYSTEMS BUSINESS FOR CHF 600 MILLION (APPROXIMATELY $600 MILLION)

BRIEF-Dana Inc Comments On Decision By GKN PLC Shareholders

* DANA INC - "APPEARS UNLIKELY THAT OUR PROPOSED COMBINATION WITH GKN DRIVELINE WILL PROCEED"

GKN promises quick cash for investors as takeover battle comes to a head

LONDON GKN promised on Monday a quick cash handout for shareholders if they back a sweetened offer for its auto business, raising the stakes in its battle to fend off a hostile bid for the entire company.

UPDATE 3-GKN promises quick cash for investors as takeover battle comes to a head

* GKN says to quickly return up to 700 mln stg to shareholders

Dana ups cash offer in hotly contested fight for Britain's GKN

LONDON, March 26 Auto components maker Dana Inc said on Monday it had agreed to increase its offer for GKN's Driveline business by $140 million in cash as it stepped up its efforts to fight off rival suitor Melrose .