07:38 AM EST, 11/19/2025 (MT Newswires) -- Dana (DAN) and Allison Transmission ( ALSN ) said Wednesday they have received all required regulatory approvals for the previously announced sale of Dana's off-highway business to Allison.

The transaction is expected to close at or near the year-end, the companies said.

The transaction has enabled Dana to return $600 million to shareholders this year and is expected to support about $2 billion of debt reduction next year, Dana Chief Executive Officer Bruce McDonald said.