Dana Incorporated (NASDAQ:DAN) Files An 8-K Other EventsITEM 8.01
As previously announced, Dana Incorporated, through two of its subsidiaries (“Dana”) entered into a definitive agreement to purchase strategic assets of SIFCO S.A., a Brazilian entity (“SIFCO”). SIFCO has operated under judicial restructuring since 2014. Dana submitted a bid to the Brazilian bankruptcy court overseeing SIFCO’s restructuring in a competitive process to acquire SIFCO’s commercial vehicle steer axle systems business and its related forged components business. Dana’s bid was later approved in the bankruptcy court supervised competitive auction process. Dana’s acquisition of these businesses closed on December 23, 2016.
About Dana Incorporated (NASDAQ:DAN)
