EPEaton Corporation plc (Mobility Group)DIDana Incorporated

Overview

Eaton entered into a definitive agreement to separate its Mobility Group and combine it with Dana Incorporated in a Reverse Morris Trust transaction. Eaton receives about $1.1 billion in cash and its shareholders own at least 50.1% of the combined company.

Deal rationale

Eaton aims to sharpen its focus on higher-growth, higher-margin Electrical and Aerospace businesses, while the combined Mobility and Dana business gains scale and $250 million of run-rate synergies.

Timeline

1. AnnouncedJun 11, 2026

   Imported from prototype record 330, unverified

   Filing

Valuation and terms

Advisors

Parties