DAN: Dana stockholders to vote on Eaton Mobility merger
Dana definitive proxy: stockholders to vote on Mobility merger, 1:1 exchange, Dana holders to own 49.9% of SpinCo post-combination.
What this filing says
Dana is asking its stockholders to approve a combination with Eaton's Mobility Business, which is being spun off from Eaton first. Dana would become a wholly owned subsidiary of Mobility, and former Dana holders would own about 49.9% of the combined company's shares on a fully diluted basis. The deal is subject to the stockholder vote and the other conditions in the merger agreement, so it has not yet closed.
Key figures
- Dana holders' expected ownership
- 49.9%
- Former Eaton holders' expected ownership
- 50.1%
- Merger Exchange Ratio
- one share of SpinCo common stock per Dana share
- Proxy statement date
- November 5, 2026
Positive for shareholders
- Management says the combination would create a more comprehensive powertrain supplier with a more balanced portfolio.
- The company expects meaningful synergies and stronger margins if the deal goes through.
Negative for shareholders
- Dana holders would own about half of the combined company, so their stake is diluted by the transaction.
- The deal depends on a stockholder vote and other conditions, so completion is not assured.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Spin-off:
- A transaction where a parent company separates a business and distributes its shares to its existing shareholders as a new, independent company.
- Fully diluted basis:
- A share count that includes shares that could be created from options, convertibles and similar securities, not just shares currently outstanding.
- Merger Exchange Ratio:
- The number of new company shares each existing Dana share is converted into in the merger.
- Proxy statement:
- A document shareholders receive before a vote, explaining the proposal and how to vote.
FAQ
What is Dana asking its stockholders to do?
The filing is a proxy statement seeking stockholder approval of the transaction with Eaton's Mobility Business, which the filing describes as a merger of Dana into a subsidiary of Mobility.
What will Dana stockholders own after the transaction?
Immediately after the Mergers, pre-Merger Dana stockholders would own shares in SpinCo, which holds the Mobility Business, with an expected 49.9% ownership of the combined company on a fully diluted basis.
Historical context for DAN
Across the 27 sessions after earlier DAN headlines, the stock closed higher 14 times and lower 13 times, with a median move of 2.3% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | DAN | SPY |
|---|---|---|---|
| Oct 29, 2026 | Dana Incorporated to Participate in Gabelli 50th Annual Automotive Symposium | -2.5% | -0.4% |
| Oct 28, 2026 | Dana Incorporated Reports Strong Third-Quarter Results; Eaton Mobility Transaction on Track; Increases Share Repurchases | -6.3% | +0.3% |
| Oct 21, 2026 | Dana to Pay Dividend on Common Stock | -0.5% | +0.5% |
| Oct 7, 2026 | Dana Incorporated to Announce 2026 Third-quarter Financial Results, Host Conference Call and Webcast on October 28 | -1.4% | -0.2% |
| Aug 10, 2026 | Dana Incorporated to Participate in the J.P. Morgan Auto Conference | +4.9% | -0.0% |
| Aug 6, 2026 | Dana Incorporated Reports Strong Second-Quarter Results; Increases Full-Year Guidance; Restarts Share Repurchase Program | -2.5% | -0.2% |
Keep researching DAN
- DAN insider tradesEvery buy and sale reported by Dana Incorporated officers, directors and large holders.
- DAN earnings historyPast Dana Incorporated earnings releases, newest first.
- DAN financial statementsRevenue, profit, cash flow and balance sheet from Dana Incorporated's SEC filings.
- DAN dividend historyDividends Dana Incorporated has declared, with ex-dates and payment dates.
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Auto Parts:O.E.M.
Follow DAN and get a push notification the moment its next story breaks.