$DAN (Dana Holding Corporation)

$DAN {{ '2016-07-14T17:13:02+0000' | timeago}} • Announcement

$DAN said it will begin selling its original-equipment line of gaskets and sealing products, under the Victor Reinz brand name, directly to its network of aftermarket customers in North America effective Nov. 1, 2016. For the past decade, Mahle Aftermarket has held the rights to distribute these gaskets under the Victor Reinz name in North America.

$DAN {{ '2017-05-18T17:23:01+0000' | timeago}} • Announcement

$DAN will build a new 7,500 square-meter manufacturing facility in Chongqing, China. Scheduled to open in late 2018, the plant will produce drive units with integrated Spicer SmartConnect disconnecting all-wheel-drive technology as part of a global program for a major automaker. $DAN will invest about $13MM to build out the new operation.

$DAN {{ '2017-05-18T15:41:49+0000' | timeago}} • Announcement

$DAN said it will build a new 7,500 square-meter (80,000 square-foot) manufacturing facility in Chongqing, China. $DAN will invest about $13MM to build out the new operation, which will employ about 130 highly qualified associates when full production is reached in 2020.

$DAN {{ '2017-04-28T17:28:21+0000' | timeago}} • Announcement

$DAN's BoD declared a quarterly dividend of $0.06 per share of common stock. The dividend is payable on June 2, 2017, to shareholders of record as of May 12, 2017.

$DAN {{ '2017-04-05T13:16:47+0000' | timeago}} • Announcement

$DAN broke ground on a state-of-the-art gear manufacturing facility in Europe to support new business in the region. The company is investing about EUR46MM in the new facility, which will begin production in early 2018 employing about 200 highly qualified associates when full production is reached in 2020.

$DAN {{ '2017-04-04T17:25:24+0000' | timeago}} • Announcement

$DAN lifted from $75MM to $100MM of its 5.375% Senior Notes due 2021 it has offered to purchase pursuant to the tender offer previously announced by $DAN on March 21, 2017. $DAN decided to exercise its right to accept for early purchase those notes tendered on April 3, 2017 and expects early settlement to occur on April 4, 2017.

$DAN {{ '2017-04-04T17:19:07+0000' | timeago}} • Announcement

$DAN's indirect subsidiary Dana Financing Luxembourg closed its offering of $400MM of 5.750% Senior Notes due 2025.  In connection with the issuance of the 2025 Notes, the subsidiary entered into a U.S. dollar–Euro swap, which has effectively fixed the interest cost to $DAN on the 2025 Notes at 3.85%.

$DAN {{ '2017-02-17T16:15:20+0000' | timeago}} • Announcement

$DAN's BoD declared a quarterly dividend of $0.06 per share of its common stock. The dividend is payable on March 24, 2017, to stockholders of record as of March 3, 2017.

$DAN {{ '2017-02-13T13:11:53+0000' | timeago}} • Announcement

$DAN enters into a definitive agreement to purchase axle housing and driveline shaft manufacturing operations from U.S. Manufacturing Corporation (USM). Under the terms of the agreement $DAN will acquire USM's Warren, Michigan, assets in exchange for $100MM in cash. The purchase is expected to close in 1Q17.

$DAN {{ '2017-02-02T16:46:26+0000' | timeago}} • Announcement

$DAN completed the acquisition of the power-transmission and fluid power businesses of Brevini Group, S.p.A. $DAN purchased an 80% share in the Brevini businesses, with an option to buy the balance 20% by 2020. $DAN has valued the business at EUR 325MM total. The transaction was funded with cash on hand.

$DAN {{ '2017-01-10T14:41:06+0000' | timeago}} • Announcement

$DAN entered into a multi-year commercial sales agreement with $NAV for driveline components for on-highway, city-delivery, bus, and vocational vehicles. Through this deal, $NAV has access to the full range of $DAN’s current driveline product offerings. $DAN will also remain the standard-position driveshaft supplier across all $NAV truck models.

$DAN {{ '2016-11-18T12:22:28+0000' | timeago}} • Webcast

$DAN agreed to purchase the power-transmission and fluid power businesses of Brevini Group, S.p.A. Under terms of the agreement, $DAN plans to initially purchase an 80% share in the Brevini, with an option to purchase the remaining 20% by 2020.  The acquisition will immediately expand $DAN's product portfolio, the company said.

$DAN {{ '2016-10-12T12:36:16+0000' | timeago}} • Announcement

$DAN has agreed to purchase the manufacturing and other assets of Brazil-based company SIFCO SA. The transaction is subject to regulatory approvals and final financial terms are subject to the outcome of the closing conditions. The transaction is expected to be completed by the end of 2016.

$DAN {{ '2016-07-28T12:12:18+0000' | timeago}} • Announcement

$DAN said that its BoD declared a quarterly dividend of $0.06 per share, payable September 9, 2016, to shareholders of record as of August 19.

$DAN {{ '2016-07-21T11:22:40+0000' | timeago}} • Announcement

$DAN said that effective Aug. 1, 2016 it will change the company name to Dana Incorporated. The company will continue to operate four business segments focused on power conveyance and energy management solutions for three key end markets. The Dana Diamond iconic logo will remain as the corporate mark.

$DAN {{ '2016-07-14T17:13:02+0000' | timeago}} • Announcement

$DAN said it will begin selling its original-equipment line of gaskets and sealing products, under the Victor Reinz brand name, directly to its network of aftermarket customers in North America effective Nov. 1, 2016. For the past decade, Mahle Aftermarket has held the rights to distribute these gaskets under the Victor Reinz name in North America.

$DAN {{ '2016-05-31T14:06:07+0000' | timeago}} • Announcement

Supplier of highly engineered drivetrain $DAN said that its wholly-owned subsidiary, Dana Financing Luxembourg S.a r.l., has closed its previously announced offering of $375MM of 6.500% Senior Notes due 2026. The 2026 Notes are fully and unconditionally guaranteed by $DAN.

$DAN {{ '2016-05-09T17:10:18+0000' | timeago}} • Announcement

$DAN plans to expand recent constructed 100,000 square foot facility on property to nearly 300,000 square feet. Over next few years, $DAN plans to invest about $70MM and employ more than 300 associates by 2020. In addition to longstanding partnership with Jeep brand, expanded Toledo facility will support axle assembly for another global automaker.

$DAN {{ '2016-05-09T17:07:55+0000' | timeago}} • Announcement

$DAN said it will open a new high-tech axle manufacturing facility in Toledo, Ohio. The site of the new Dana facility was previously home to Willys-Overland Motors, which developed the original Jeep, and is located less than three miles from FCA US LLC's Toledo Assembly Complex.

$DAN {{ '2016-04-29T16:37:13+0000' | timeago}} • Announcement

$DAN said its BoD declared a quarterly dividend of $0.06 per share, payable June 3, 2016, to holders of Dana common stock as of May 13.

$DAN {{ '2016-04-11T16:11:13+0000' | timeago}} • Announcement

Provider of thermal-management technologies $DAN said that it unveiled the Spicer Smart Suite intelligent load monitoring system (ILMS), a technology option for telehandlers. This technology collects data from the axle and other vehicle systems to provide robust, real-time operating metrics.

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