Dana Refocuses While Allison Accelerates
For Dana Inc., a global leader in engineered driveline technologies, the divestiture signals a strategic pivot.
“Dana’s off-highway business has long championed innovation, and in Allison’s hands, that legacy will not just survive—it will thrive,” said R. Bruce McDonald, Dana’s chair and CEO. “This allows us to sharpen focus on our core priorities.”
The deal is designed to be immediately accretive to Allison’s earnings per share and promises a $120 million annual savings boost, the company said. The transaction will be financed through a strategic mix of cash and debt.
Financial Firepower and Legal Heavyweights Behind the Wheel
The financial engines behind this high-stakes race are top-tier:
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BofA Securities is Allison’s financial adviser.
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Barclays, Citigroup, and BofA also lined up to provide committed financing.
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On Dana’s side, Goldman Sachs & Co. and Morgan Stanley & Co. are serving as financial advisers.
The Latham & Watkins LLP team navigating legal curves for Allison is led by partners Paul Sheridan and Daniel Breslin—names synonymous with megadeals. Paul Weiss Rifkind Wharton & Garrison LLP, with its reputation for precision, is guiding Dana.
