March 9 (Reuters) – Dana Inc:
* DANA ANNOUNCES AGREEMENT TO COMBINE WITH GKN’S DRIVELINE DIVISION
* DEAL INCLUDES 133 MILLION NEW DANA PLC SHARES ISSUED TO GKN SHAREHOLDERS, VALUED AT ABOUT $3.5 BILLION
* DEAL INCLUDES ASSUMPTION OF ABOUT $1.0 BILLION OF NET PENSION LIABILITIES, AND 133 MILLION NEW DANA PLC SHARES
* TOTAL CONSIDERATION INCLUDES $1.6 BILLION IN CASH PROCEEDS TO GKN PLC
* DEAL TO BE ACCRETIVE TO DANA’S ADJUSTED EARNINGS PER SHARE IN 2019 Source text for Eikon: Further company coverage:
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