Thursday, August 27, 2015
Current Weather
Loading Current Weather....
Published: Thursday, 10/8/2009

Dana Holding Corp. sells 34 million shares

Maumee-based Dana Holding Corp. has announced that it sold 34 million new shares and that its underwriters exercised an option to purchase 5.1 million additional shares of the company's common stock.

In all, the company had net proceeds of $32.6 million. The shares were sold at $6.75 each. The company's stock closed yesterday at $6.74.

The company said it used about half of the proceeds of the stock sale to pay down debt.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.