Dana Announces Termination Of Agreement To Acquire Portion Of Light-Vehicle Thermal Business From Modine Manufacturing Company
Acquiring Company
Dana Holding
Acquired Company
Portion
MaumeeManufacturingInformation TechnologySustainabilityNatural ResourcesFinancial ServicesE CommerceFashionRetailFintechLifestyleAutomotiveDescription
Dana Incorporated (NYSE: DAN) announced today a mutual agreement with Modine Manufacturing Company (NYSE: MOD) to terminate Dana's agreement to acquire a portion of Modine's automotive thermal-management business for one dollar with the assumption of certain financial liabilities. Both companies had been actively engaged in the regulatory review process in Germany for many months and have decided that it is no longer in the best interest of either party to pursue the transaction further.
Quick answer
Dana Holding is acquiring Portion, announced October 25, 2021. Dana Holding is based in Maumee, Ohio, United States.
- How much did Dana Holding pay for Portion?
- The deal value was not disclosed.
- What does Dana Holding do?
- Dana Holding Corp. is a leading global provider of powertrain solutions.
- Where are Dana Holding and Portion based?
- Dana Holding is based in Maumee, Ohio, United States.
- Who are the decision-makers at Dana Holding?
- Fundz holds 1 contact at Dana Holding. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Dana Holding, and when
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Frequently asked
Who acquired Portion?
Portion was acquired by Dana Holding, based in Maumee. The deal was reported on October 25, 2021. Dana Holding Corp. is a leading global provider of powertrain solutions. The company specializes in transmissions, clutches, and torque control products. Dana focuses on both traditional and electric vehicle markets. Dana Holding is publicly traded (DAN) and operates in Manufacturing.
When did Dana Holding acquire Portion?
Dana Holding's acquisition of Portion was reported on October 25, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Portion do?
Portion.io | The 21st Century Auction House | Launch your own NFT auctions | Collect Rare, High-End NFT Art, Music, and Collectibles in our Curated Drops It is privately held.
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