Dana Inc (DAN.N)
18 May 2018
* DANA INC - "APPEARS UNLIKELY THAT OUR PROPOSED COMBINATION WITH GKN DRIVELINE WILL PROCEED"
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.
* GKN says to quickly return up to 700 mln stg to shareholders
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 .
* INCREASES CASH CONSIDERATION FOR GKN DRIVELINE BY £100 MILLION
* GKN PLC - STATEMENT RE PROPOSED COMBINATION OF GKN DRIVELINE AND DANA
LONDON GKN shareholder Elliott Advisors said on Friday it backed a 7.8 billion pound ($11.05 billion) bid by Melrose for the British engineer, as the clock ticks down to next week's deadline for investors to decide on the hostile takeover.
LONDON, March 23 Britain's Melrose, trying to buy GKN in a 7.8 billion pound ($11 billion) hostile takeover, is lifting a self-imposed deadline for approval by U.S. authorities to enable the acquisition to conclude should shareholders back it next week.
Auto components maker Dana Inc said on Thursday it would supply front and rear axles for the next generation of Jaguar and Land Rover luxury vehicles in a contract worth 300 million pounds ($423.42 million).
March 22 Auto components maker Dana Inc said on Thursday it would supply front and rear axles for the next generation of Jaguar and Land Rover luxury vehicles in a contract worth 300 million pounds ($423.42 million).
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