# DANA Inc (DAN) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_a1752354db2a7796fa52 · retrieved 2026-08-12T06:58:44.224Z

## Overview
Dana Incorporated is a global leader in the design and manufacture of highly efficient propulsion solutions for light- and commercial-vehicle markets, supplying drive systems, electrodynamic technologies, and thermal and sealing solutions to leading vehicle manufacturers.

Dana Incorporated announced continued progress on its combination with Eaton Corporation's Mobility business. The transaction will utilize a split-off structure intended to be tax-free to shareholders and provide an orderly distribution of shares. The deal is expected to close in the first quarter of 2027, subject to Dana shareholder approval, regulatory approvals, and customary closing conditions. Dana expects to achieve at least $250 million in run-rate cost synergies within 24 months post-close and maintain an attractive pro forma synergized 2026 net leverage of approximately 1.4x, inclusive of $200 million in share buybacks.

## Terms
- Counterparty: Eaton Corporation plc · Consideration: stock

## Key dates
- Announced 2026-08-06 · Expected close 2027-03-31

## Timeline
- 2026-08-06 · 8-K (0001193125-26-336664): 8-K - DANA Inc — *Dana Incorporated is a global leader in the design and manufacture of highly efficient propulsion solutions for light- and commercial-vehicle markets, supplying drive systems, electrodynamic technologies, and thermal and sealing solutions to leading vehicle manufacturers.* Dana Incorporated announced continued progress on its combination with Eaton Corporation's Mobility business. The transaction will utilize a split-off structure intended to be tax-free to shareholders and provide an orderly distribution of shares. The deal is expected to close in the first quarter of 2027, subject to Dana shareholder approval, regulatory approvals, and customary closing conditions. Dana expects to achieve at least $250 million in run-rate cost synergies within 24 months post-close and maintain an attractive pro forma synergized 2026 net leverage of approximately 1.4x, inclusive of $200 million in share buybacks.
  https://www.sec.gov/Archives/edgar/data/26780/0001193125-26-336664.txt

## Citations
- 0001193125-26-336664 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526336664