Dana announces public offering of common stock (updated)

Rubber and Plastics News staff report

Toldeo, Ohio – Dana Holding Corp. has priced a public offering of 34 million shares of its common stock at $6.75 per share.

In conjunction with the offering, Dana has granted the underwriters a 30-day option to purchase up to 5.1 million additional shares, the company said. The size of the common stock offering increased from the previously announced 27 million shares.

Goldman, Sachs & Co. is serving as the sole book-runner, with Citigroup Inc. and JPMorgan Chase &…

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