.
MergerLinks Header Logo

New Deal


Announced

Dana terminated the deal to acquire the majority stake in automotive business of Modine Manufacturing.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Diversified Industrials

Majority

United States

Acquisition

Domestic

Single Bidder

Private

Friendly

thermal-management

Failed

Synopsis

Edit

Dana, an American supplier of axles, driveshafts and transmissions, terminated the deal to acquire the majority stake in automotive business of Modine Manufacturing, a diversified thermal management technology and solutions provider. Financial terms were not disclosed. 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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US