June 11 (Reuters) - Allison Transmission Holdings Inc ( ALSN )

:

* DANA INCORPORATED ANNOUNCES AGREEMENT TO SELL OFF-HIGHWAY

BUSINESS FOR $2.7 BILLION; $1 BILLION CAPITAL RETURN

AUTHORIZATION

* DANA INC ( DAN ) - ANNOUNCES $1 BILLION CAPITAL RETURN

AUTHORIZATION

THROUGH 2027

* DANA INC ( DAN ) - PLANS TO REPAY $2 BILLION OF DEBT

* DANA INC ( DAN ) - EXPECTS $2.4 BILLION NET CASH PROCEEDS AFTER

DEAL

* DANA INC ( DAN ): $550 MILLION OF CAPITAL RETURN TO SHAREHOLDERS

AT OR

BEFORE CLOSING OF TRANSACTION

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