Every Spin-Off
Eaton Mobility Group (to combine with Dana)
DANAnnouncedMakes drivetrain parts for cars, trucks and commercial vehicles, combining Dana's axles, driveshafts and thermal and sealing products with Eaton's transmissions, clutches, engine valves and EV components.
Eaton's Mobility Group (vehicle and eMobility businesses), combined with Dana Incorporated; the combined company keeps the Dana name and its NYSE ticker DAN.
- Status
- Announced
- Expected
- Q1 2027
- Parent
- Eaton (ETN)
- Spin-off ticker
- DAN
- Market
- United States
- Sector
- Consumer discretionary
Terms
Reverse Morris Trust announced 11 Jun 2026, replacing the earlier plan for a standalone spin-off. Eaton separates the Mobility Group to its shareholders by spin-off or split-off (exchange offer), at Eaton's choice, and Dana then merges into it. Eaton shareholders own at least 50.1% of the combined company; Eaton receives about $1.1bn in cash funded by new Mobility Group debt. Needs Dana shareholder approval and regulatory clearances.
Key dates
- Reverse Morris Trust with Dana announced
- Expected completion
Source documents
- Press releaseEaton to combine Mobility Group with Dana Incorporated (11 Jun 2026)
- PresentationNot yet published
- Form 10 / prospectusNot yet public
- FilingEaton 8-K exhibit 99.1
Every Spin-Off research
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