Dana Holding Corporation (DAN)
Mario Gabelli's GAMCO Investors, Inc. disclosed in a regulatory filing ( SC 13D ) with the Securities and Exchange Commission (SEC) a 5.14% stake (7,857,574 shares) in DAN.
DAN recently reported third quarter 2015 sales of $1.468 billion and adjusted net income of $65 million or $0.41 per diluted share for the period. Its board of directors has declared a quarterly dividend of $0.06 per share, payable Dec. 4, 2015, to holders of the company's common stock as of Nov. 13.
DANis a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains.
Diageo plc (DEO)
Investment analysts at Credit Suisse upgraded DEO shares from a Neutral to an Outperform rating.
DEO wants to focus on its spirits business and has therefore planning to sell off its non-core assets. Recently, DEO has agreed the sale of its major wine interests in an agreement with Australian company Treasury Wine Estates relating to the US based Chateau and Estate Wines and the UK based Percy Fox businesses. The $552 million deal is expected to close at the end of 2015. With the completion of this transaction DEO will have released £1 billion from the sale of non-core assets since the start of the financial year
DEOis the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, beer and wine.
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