MAUMEE, Ohio (Oct 30, 2012)—Dana Holding Corp. will purchase up to $250 million of its outstanding shares of common stock over the next two years, according to the company.
The manufacturer will buy the shares through either the open market or a privately negotiated transaction with the purchases subject to market conditions and other factors.
“This program reflects strength in our balance sheet, confidence in the long-term prospects of our business, and commitment to delivering value to our shareholders,” said Roger J. Wood, Dana president and CEO.