Dana explores sale of off-highway business, Bloomberg reports

In This Article:

https://www.tipranks.com/news/company-announcements/first-watch-reports-revenue-growth-and-expansion-plans

Dana (DAN) is exploring a sale of its off-highway business amid sluggish demand in its key markets, David Carnevali, Aaron Kirchfeld and Michelle Davis of Bloomberg report, citing people familiar with the matter. Dana is working with advisers on the potential divestment and the business could fetch a few billion dollars in a sale, sources told Bloomberg. One the people said the process is at a very early stage.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on DAN: