When Dana Corp. began courting Michael Burns around Thanksgiving to serve as its CEO, the supplier already had been battling a hostile takeover attempt from ArvinMeritor Inc. for nearly five months. Burns, then president of General Motors Europe, knew he would have big shoes to fill replacing the popular Joe Magliochetti, who died suddenly Sept. 22 of complications from pancreatitis. He wanted a little time to see how the ArvinMeritor saga would conclude and to contemplate how much value ...

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