Dana shareholder Appaloosa urges board to end Rights Agreement

Newswire

Aug 22 (Reuters) - Dana Corp. shareholder Appaloosa Management L.P. requested the company's board to terminate the Rights Agreement in a letter dated Aug 17. Appaloosa also suggested the other alternative to ending the Rights Agreement would be to make it inapplicable to shareholders seeking an alternative to the management's pending reorganization plan. Appaloosa Management L.P. reported a 14.98 percent stake in Dana in a filing with U.S. regulators on Aug 17, making it Dana's largest ...

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