UPDATE 3-Dana says it is in financing talks; shares jump

Newswire

(Adds bond price, updates stock price) By Kevin Krolicki DETROIT, Feb 27 (Reuters) - Troubled auto and truck parts supplier Dana Corp. on Monday said it was in continuing discussions with banks on financing alternatives, a move seen as reducing the immediate risk of a bankruptcy filing. The company's shares, which plunged last week, were up 29 percent in late morning New York Stock Exchange trade. Dana, whose credit ratings were cut last week over uncertainty about its outlook, on ...

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