Dana Holding (DAN) Approves $250M Buyback Plan

Dana Holding Corporation (NYSE: DAN) today announced its Board of Directors has approved a share repurchase program for up to $250 million of its currently outstanding shares of common stock. Dana plans to repurchase its shares either in the open market or through privately negotiated transactions over the next two years.

The stock repurchase is subject to prevailing market conditions and other considerations. The company has sufficient liquidity to support this initiative and plans to utilize its excess cash for the program.

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