July 30, 2018 / 4:50 AM / 3 months ago

BRIEF-Dana To Purchase Drive Systems Segment Of Oerlikon Group

July 30 (Reuters) - Dana Inc:

* DANA TO PURCHASE DRIVE SYSTEMS SEGMENT OF OERLIKON GROUP

* SAYS DANA WILL ACQUIRE OERLIKON'S DRIVE SYSTEMS BUSINESS FOR CHF 600 MILLION (APPROXIMATELY $600 MILLION)

* SAYS COMMITTED FINANCING HAS BEEN ARRANGED TO COMPLETE TRANSACTION

* SAYS DEAL WILL BE IMMEDIATELY ACCRETIVE TO EARNINGS UPON CLOSING Source text for Eikon: Further company coverage:

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