#main-header{ -webkit-box-shadow:none !important; -moz-box-shadow:none !important; box-shadow:none !important; }

Dana Corp. has recommended its shareholders reject an offer from private Canadian investment company TRC Capital Corp., which has started a “mini-tender” offer to buy up to three million shares of the automotive and commercial vehicle systems manufacturer’s stock.
Dana said the offer, which would involve about 2% of its stock, represented a 3.9% discount to its stock’s closing price on Sept. 20, the last trading day before the offer.