Eaton: Portfolio Focus through Spin-off of Mobility Division on Electrical Engineering and Aerospace

Eaton merges its Mobility division with Dana via a Reverse Morris Trust. The company will now focus on electrical engineering and aerospace. Eaton receives $1.1 billion in cash; shareholders will hold 50.1% of the new company going forward.   Strategic realignment and transaction details On June 11, 2026, Eaton (ETN) announced a significant step in its portfolio transformation. The company entered into an agreement with Dana Incorporated to spin off and merge its Mobility division with Dana. The transaction is structured as a Reverse...