Form 8-K

8-K — Eaton Corp plc

Accession: 0000950142-26-001733

Filed: 2026-06-11

Period: 2026-06-10

CIK: 0001551182

SIC: 3590 (MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT)

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — eh260792115_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (eh260792115_ex9901.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

June 10, 2026

EATON CORPORATION plc

(Exact name of registrant as specified in its charter)

Ireland

000-54863

98-1059235

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

Eaton House, 30 Pembroke Road

Dublin 4, Ireland

(Address of principal executive offices)

D04 Y0C2

(Zip Code)

Registrant’s telephone number, including

area code: +353 1637 2900

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each

class

Trading Symbol(s)

Name of each exchange

on which registered

Ordinary shares ($0.01 par value)

ETN

New York Stock Exchange

3.850% Senior Notes due 2028

ETN/28

New York Stock Exchange

3.950% Senior Notes due 2029

ETN/29

New York Stock Exchange

4.450% Senior Notes due 2030

ETN/30

New York Stock Exchange

4.200% Senior Notes due 2031

ETN/31

New York Stock Exchange

4.500% Senior Notes due 2033

ETN/33

New York Stock Exchange

3.550% Senior Notes due 2034

ETN/34

New York Stock Exchange

3.625% Senior Notes due 2035

ETN/35

New York Stock Exchange

4.800% Senior Notes due 2036

ETN/36

New York Stock Exchange

4.000% Senior Notes due 2038

ETN/38

New York Stock Exchange

5.450% Senior Notes due 2056

ETN/56

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company

as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of

1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On June 11, 2026, Eaton

Corporation plc (the “Company”) issued a press release announcing the Company’s entry into a definitive agreement with

Dana Incorporated, a Delaware corporation (“Merger Partner”), regarding the separation of the Company’s mobility business.

The press release is furnished hereto as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 8.01 Other Events.

On June 10, 2026, the Company entered into

definitive agreements with Merger Partner pursuant to which the Company will separate its Mobility segment (the “SpinCo

Business”) and combine it with Merger Partner in a Reverse Morris Trust transaction.

Immediately prior to the Merger (as defined

below) and pursuant to a Separation and Distribution Agreement among the Company, Eaton Corporation, an Ohio corporation

(“Eaton Ohio”), Eaton Capital Unlimited Company, an Irish public unlimited company, Mobility (USA) Corporation, a

Delaware corporation and wholly owned subsidiary of the Company (“SpinCo”), and Merger Partner, dated as of June 10, 2026

(the “Separation Agreement”), the Company will, among other things and subject to the terms and conditions of the

Separation Agreement, transfer the SpinCo Business to SpinCo and its subsidiaries and, in connection therewith, will distribute to

the Company shareholders shares of common stock of SpinCo (the “Distribution”).

Immediately following the Distribution and pursuant

to an Agreement and Plan of Merger (the “Merger Agreement”) with Eaton Ohio, SpinCo, Atlas Mobility Sub, Inc., a Delaware

corporation and wholly owned subsidiary of SpinCo (“Merger Sub”), Merger Sub will be merged with and into Merger Partner (the

“Merger”), with Merger Partner surviving and continuing as the surviving corporation of the Merger and as a direct, wholly

owned subsidiary of SpinCo. Subject to the terms and conditions of the Merger Agreement, at closing, each share of common stock of Merger

Partner that is outstanding as of immediately prior to the closing will be converted into the right to receive a number of SpinCo shares

equal to the exchange ratio specified in the Merger Agreement, subject to adjustment.

Under the terms of the Merger

Agreement, the Company will receive approximately $1.1 billion in cash distribution and the Company shareholders will receive newly issued shares

of the combined company such that the Company shareholders will own at least 50.1% of the combined company’s outstanding shares

following the consummation of the transaction.

Item 9.01 Financial Statements

and Exhibits.

(d) Exhibits.

Exhibit No.

Exhibit

Description

99.1

Press Release of Eaton Corporation plc dated June 11, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

Cautionary Notes on Forward-Looking Statements

This Current Report on Form 8-K

includes “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities

Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended by the

Private Securities Litigation Reform Act of 1995, including statements regarding the proposed transaction between Eaton Corporation plc

(“Eaton”), Dana Incorporated (“Dana”) and Mobility (USA) Corporation (“SpinCo”). These forward-looking

statements generally are identified by the words “believe,” “intend,” “plan,” “may,” “could,”

“should,” “will,” “would,” or the negative thereof or variations thereon or similar terminology generally

intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements

regarding the expected timing and structure of the proposed transaction and financing of the transaction, the ability of the parties to

complete the proposed transaction, the expected benefits of the proposed transaction, including future financial and operating results

and strategic and synergistic benefits, the tax consequences of the proposed transaction, and the combined company’s plans, objectives,

expectations and intentions, legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking

statements.

These forward-looking statements

are based on Eaton’s current expectations and are subject to risks and uncertainties. Should one or more of these risks or uncertainties

materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated

by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates

or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or

expectations include, among others, the ability to complete the proposed transaction on the timeframe or on the terms currently anticipated

or at all, including due to a failure to obtain requisite stockholder and/or regulatory approvals; risks related to difficulties, inabilities

or delays in integrating the businesses of Dana and SpinCo; the ability to realize the anticipated benefits of the proposed transaction,

including estimated combined EBITDA, estimated combined revenue and estimated run-rate cost synergies; potential impact of the announcement

or consummation of the proposed transaction on Eaton and Dana’s stock prices; restrictions on the conduct of Eaton and Dana’s

respective businesses prior to closing and on each of their ability to pursue alternatives to the proposed transaction; the possibility

that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events,

or unforeseen or unknown liabilities; the ability of the combined company to implement its business strategy; the inability of the combined

company to retain and hire key personnel; the occurrence of any event that could give rise to termination of the proposed transaction;

the risk that stockholder litigation in connection with the proposed transaction or other litigation, settlements or investigations may

affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability;

risks relating to the ability to obtain financing for the transaction upon acceptable terms or at all; evolving legal, regulatory and

tax regimes; changes in general economic and/or industry specific conditions; global economic repercussions related to U.S. and global

inflationary pressures and potential recessionary concerns; the risks that the anticipated tax treatment of the proposed transaction is

not obtained; the risk of greater than expected difficulty in separating the business of SpinCo from the other businesses of Eaton; risks

related to the disruption of management time from ongoing business operations due to the pendency of the proposed transaction, or other

effects of the pendency of the proposed transaction on the relationship of any of the parties to the transaction with their employees,

customers, suppliers, or other counterparties; and other risk factors detailed from time to time in Eaton and Dana’s reports filed

with the Securities and Exchange Commission (the “SEC”), including Eaton and Dana’s annual reports on Form 10-K, quarterly

reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC, including documents that will be filed with

the SEC in connection with the proposed transaction. The foregoing list of important factors is not exclusive.

Any forward-looking statements

speak only as of the date of this Current Report on Form 8-K. Neither Eaton nor SpinCo undertakes, and each party expressly disclaims,

any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise,

except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Important Information About the Transaction and

Where to Find It

In connection with the proposed

transaction, SpinCo may file with the SEC an information statement on Form 10 (“Form 10”) or a registration statement on Form

S-1/S-4 (the “Form S-1/S-4”) that constitutes a prospectus with respect to the shares of common stock, par value $0.01 per

share, of SpinCo (the “SpinCo shares”) to be issued to Eaton shareholders in the proposed exchange offer (the “prospectus/offer

to exchange”). Eaton may also file with the SEC a tender offer statement (the “Schedule TO”) with respect to the offer

by Eaton to exchange all SpinCo shares for ordinary shares, par value $0.01 per share, of Eaton that are validly tendered and not properly

withdrawn prior to the expiration of the exchange offer (if any). In addition, SpinCo intends to file with the SEC a registration statement

on Form S-4 (the “Form S-4”) that will include a proxy statement of Dana and that also constitutes a prospectus of SpinCo

with respect to the SpinCo shares to be issued in the proposed merger (the “proxy statement/prospectus”). Each of Eaton, SpinCo

and Dana may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for

the Form 10, Form S-1/S-4, Schedule TO, Form S-4, prospectus/offer to exchange, proxy statement/prospectus or any other document that

Eaton, SpinCo or Dana may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS, THE SCHEDULE

TO; THE PROSPECTUS/OFFER TO EXCHANGE, THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC,

AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE

THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT EATON, DANA, SPINCO AND THE PROPOSED TRANSACTION. Investors and security holders

will be able to obtain free copies of the Form 10, Form S-1/S-4, Schedule TO, Form S-4, the prospectus/offer to exchange and the proxy

statement/prospectus (if and when available) and other documents containing important information about Eaton, Dana and SpinCo and the

proposed transaction, once such documents

are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies

of the documents filed with, or furnished to, the SEC by Eaton and SpinCo will be available free of charge on Eaton’s website at

https://www.eaton.com/us/en-us/company/investor-relations.html. Copies of the documents filed with, or furnished to, the SEC by Dana will

be available free of charge on Dana’s website at https://danaincorporated.gcs-web.com/. The information included on, or accessible

through, Eaton or Dana’s website is not incorporated by reference into this Current Report on Form 8-K.

Participants in the Solicitation

Eaton, Dana, SpinCo and certain

of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the

proposed transaction. Information about the directors and executive officers of Eaton, including a description of their direct or indirect

interests, by security holdings or otherwise, is set forth in Eaton’s proxy statement for its 2026 Annual General Meeting of Shareholders,

which was filed with the SEC on March 13, 2026. Information about the directors and executive officers of Dana, including a description

of their direct or indirect interests, by security holdings or otherwise, is set forth in Dana’s proxy statement for its 2026 Annual

Meeting of Stockholders, which was filed with the SEC on March 13, 2026. Other information regarding the participants in the proxy solicitation

and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Form S-4 and the

proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials

become available. Investors should read the Form 10, Form S-1/S-4, Schedule TO, Form S-4, the prospectus/offer to exchange and the proxy

statement/prospectus carefully if and when available before making any voting or investment decisions. You may obtain free copies of these

documents from Eaton or Dana using the sources indicated above.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer

to sell or the solicitation of an offer to sell or the solicitation of an offer to buy or exchange any securities, or a solicitation of

any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, sale or exchange

would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall

be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or in a transaction exempt from

the registration requirements of the Securities Act.

SIGNATURES

Pursuant to the requirements of

the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

Eaton Corporation plc

Date: June 11, 2026

By:

/s/ Lucy Clark Dougherty

Lucy Clark Dougherty

Executive Vice President and Chief Legal Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: eh260792115_ex9901.htm · Sequence: 2

EXHIBIT 99.1

Eaton Communications

Eaton Center

Cleveland, OH 44122

Date June

11, 2026

Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility

Group with Dana Incorporated

· Enhances Eaton’s focus on higher growth, higher margin Electrical

and Aerospace businesses directly aligned to secular megatrends

· Immediately accretive to Eaton’s organic growth rate and operating

margins upon closing, expected in the first quarter of 2027

· Reverse Morris Trust transaction values combined company at over $10 billion

in enterprise value and Eaton’s Mobility Group at approximately $5.1 billion

· Eaton to receive an approximately $1.1 billion cash distribution; Eaton

shareholders to own at least 50.1% of the combined company

· Combined company shareholders to benefit from $250 million of run-rate

synergies

DUBLIN – Intelligent power management company Eaton (NYSE:

ETN) today announced the next step in Eaton’s ongoing portfolio transformation. Eaton entered into a definitive agreement with Dana

Incorporated (NYSE: DAN) under which Eaton will separate and combine its Mobility Group with Dana in a Reverse Morris Trust (RMT) transaction

creating a combined company valued at over $10 billion.

The separation of the Mobility Group marks the next step in Eaton’s

ongoing portfolio transformation and positions Eaton to execute on the Company’s 2030 growth strategy. Upon closing of the transaction,

Eaton will operate a more focused portfolio concentrated on its Electrical and Aerospace businesses, which are directly aligned to secular

growth themes in electrification, digitalization, AI-driven data center buildout, infrastructure modernization, aerospace aftermarket,

and defense spending. The recent acquisitions of Ultra PCS and Boyd Thermal further strengthen the Company’s strategic positioning,

extending Eaton’s capabilities in aerospace electronic controls and liquid cooling for data centers.

The separation is expected to be immediately accretive to Eaton’s

organic growth rate and operating margins upon closing. Eaton expects to deploy the approximately $1.1 billion cash distribution from

the transaction consistent with its existing capital allocation framework and priorities, including repayment of outstanding indebtedness.

Paulo Ruiz, Eaton chief executive officer, said, “We are pleased

to have reached this agreement, which delivers significant value to Eaton and its shareholders, and represents a major milestone in Eaton’s

2030 growth strategy to lead, invest, and execute for growth. Eaton shareholders will benefit from the meaningful upside created by the

combined company, and the transaction will provide substantial cash value for Eaton to deploy to our highest-growth and highest-margin

opportunities. Looking ahead, our portfolio will be closely aligned with the powerful megatrends driving generational growth in our Electrical

and Aerospace businesses, and we look forward to continuing our momentum to drive meaningful value for our customers and shareholders."

Benefits of Combining Mobility Group and Dana

The combined Mobility Group and Dana will be a scaled, global engineered

solutions partner, well-positioned to serve commercial vehicle and light vehicle OEMs worldwide. Together, the combined company will

offer a comprehensive and complementary portfolio of drivetrain, propulsion, electrification, and power management solutions spanning

internal combustion, hybrid, and fully electric platforms to commercial vehicle and automotive OEMs, supported by comprehensive technology

capabilities and best in class manufacturing capabilities. The combined company expects to generate approximately $11 billion in pro

forma revenue and $1.7 billion in pro forma estimated 2026 adjusted EBITDA (including run-rate synergies, which are expected to be fully

realized within 24 months following closing).

The combined company will benefit from increased scale, $250 million of

run-rate cost synergies, and greater diversification across customers, geographies, and end markets. It will also have an expanded aftermarket

presence, which is expected to deliver more resilient revenue streams across economic cycles.

Mr. Ruiz continued, “Combining the Mobility Group with Dana creates

a strong company that will be well-positioned to serve customers and support employees over the long term. We are proud of our mobility

team and what they have built and are confident the combination of talent, capabilities, and technologies will create meaningful value

for shareholders, customers, and employees alike.”

R. Bruce McDonald, Dana Chairman and Chief Executive Officer, stated, “We

are excited to bring together Eaton’s Mobility Group with Dana. The addition of Mobility Group’s leading positions in commercial

vehicle transmissions, clutches, and power management technologies, combined with Dana’s strengths in axles, driveshafts, electrification,

thermal management, and sealing products, will create a truly differentiated global platform. Together, we will be better positioned to

serve our customers, invest in innovation, and drive long-term value creation for shareholders of the combined company.”

Transaction Details

The transaction values Eaton’s Mobility Group at approximately $5.1

billion. This represents a multiple of 8.3x 2026 estimated pro forma adjusted EBITDA, or 5.9x on a fully synergized basis, including $250

million of run-rate synergies. Eaton shareholders will receive newly issued shares of the combined company such that Eaton shareholders

will own at least 50.1% of the combined company’s outstanding shares following the consummation of the transaction. The agreement

follows Eaton’s previously announced intent to separate its Mobility Group into an independent, publicly traded company.

The transaction is structured as a “Reverse Morris Trust” transaction,

where Eaton will first separate its Mobility Group to Eaton shareholders through either an exchange offer (split-off) or a pro rata distribution

(spin-off), at Eaton’s election. Immediately thereafter, Dana will merge with a subsidiary of the Mobility Group, with Dana surviving

as a wholly owned subsidiary of the Mobility Group. In the event of a split-off, Eaton shareholders would have the opportunity to tender

their Eaton shares in exchange for shares of the Mobility subsidiary. In the event of a spin-off, all Eaton shareholders would receive

shares of the Mobility subsidiary on a pro rata basis. Eaton will also receive a cash distribution of $1.1 billion prior to completion

of the transaction, subject to adjustment for cash and indebtedness, which will be funded by newly-issued debt of the Mobility Group.

The transaction is intended to be tax-free for U.S. federal income tax purposes to Eaton and Eaton’s shareholders.

The agreement was unanimously approved by the Eaton board of directors following

a comprehensive evaluation of strategic alternatives for its Mobility Group. The agreement was also unanimously approved by the Dana board

of directors.

The transaction is expected to close in the first quarter of 2027, subject

to receipt of Dana shareholder approval, receipt of required regulatory clearances, and customary closing conditions.

Byron Foster, Dana’s incoming Chief Executive Officer, and Timothy

Kraus, Dana’s current Chief Financial Officer, will lead the combined company as CEO and CFO, respectively. Erin Rowse, Eaton’s

current Senior Vice President Human Resources, Industrial, will serve as the combined company’s Chief Human Resources Officer upon

close. The combined company’s senior management team will include representatives from both companies and will be announced as integration

planning progresses. R. Bruce McDonald, Dana’s current Chairman and Chief Executive Officer, will serve as Executive Chairman of

the combined company. Dana's eight-member board of directors will be expanded to include three additional directors designated by Eaton,

including one current Eaton executive and two current Eaton directors.

The combined company will operate as Dana Incorporated and will continue

to be listed on the NYSE under the ticker symbol DAN.

In a separate press release and presentation issued today, Dana provided

additional details regarding the combination.

Advisors

Morgan Stanley & Co. LLC is serving as Eaton’s financial advisor

on the transaction and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Hogan Lovells are acting as legal counsel to Eaton. Joele

Frank, Wilkinson Brimmer Katcher is serving as Eaton’s strategic communications advisor.

About Eaton

Eaton is an intelligent power management company dedicated to protecting

the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial

and institutional, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right,

to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth

trends of electrification and digitalization, we’re helping to solve the world’s most urgent power management challenges and

building a more sustainable society for people today and generations to come.

Founded in 1911, Eaton has continuously evolved

to meet the changing and expanding needs of our stakeholders. With revenues of $27.4 billion in 2025, the company serves customers in

180 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

Cautionary Notes on Forward-Looking Statements

This communication includes “forward-looking statements” within

the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the “Securities Act”),

and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including

statements regarding the proposed transaction between Eaton Corporation plc (“Eaton”), Dana Incorporated (“Dana”)

and Mobility (USA) Corporation (“SpinCo”). These forward-looking statements generally are identified by the words “believe,”

“project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,”

“target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,”

“plan,” “may,” “could,” “should,” “will,” “would,” or the negative

thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other

than historical facts, including, but not limited to, statements regarding the expected timing and structure of the proposed transaction

and financing of the transaction, the ability of the parties to complete the proposed transaction, the expected benefits of the proposed

transaction, including future financial and operating results and strategic and synergistic benefits, the tax consequences of the proposed

transaction, and the combined company’s plans, objectives, expectations and intentions, legal, economic and regulatory conditions,

and any assumptions underlying any of the foregoing, are forward looking statements.

These forward-looking statements are based on Eaton’s and Dana’s

current expectations and are subject to risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should

underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking

statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will

be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include,

among others, the ability to complete the proposed transaction on the timeframe or on the terms currently anticipated or at all, including

due to a failure to obtain requisite stockholder and/or regulatory

approvals; risks related to difficulties, inabilities or delays in

integrating the businesses of Dana and SpinCo; the ability to realize the anticipated benefits of the proposed transaction, including

estimated combined EBITDA, estimated combined revenue and estimated run-rate cost synergies; potential impact of the announcement or consummation

of the proposed transaction on Eaton’s and Dana’s stock prices; restrictions on the conduct of Eaton’s and Dana’s