ETN’s 7% Decline In 2 Days Pushed It Closer To 200-DMA — Its Latest Deal That Creates A Combined Firm Worth $10B Has Drawn Investor Buzz
Eaton announced that it has signed a definitive agreement with Dana under which Eaton will separate and combine its Mobility Group with Dana in a Reverse Morris Trust transaction. The deal values Mobility Group at approximately $5.1 billion, which represents a multiple of 8.3x 2026 estimated pro forma adjusted EBITDA, or 5.9x on a fully … Read more