Why Dana And Eaton Investors Are Watching This $10B Mobility Deal

Dana Incorporated announced a deal to combine with Eaton Corporation's Mobility business in a Reverse Morris Trust transaction, creating a combined company valued at over $10 billion with approximately $11 billion in pro forma 2026 sales. The deal expects $250 million in annual run-rate synergies within 24 months. Eaton shareholders will own 50.1% of the combined entity while Dana shareholders will own 49.9%. Dana shares fell 14.89% while Eaton shares rose 1.21% following the announcement.