Dana Urges Shareholders Not To Decide on ArvinMeritor Offer

Dana Corporation has urged shareholders to defer making a decision on the ArvinMeritor offer for all outstanding Dana shares until the offer has been evaluated by the board of directors.
Within ten business days from the date of commencement of ArvinMeritor’s tender offer, Dana will advise Dana shareholders of its position regarding the offer, and state its reasons for such position.
Accordingly, the board has urged shareholders to defer making a determination whether to accept or reject ArvinMeritor’s offer until they have been advised of Dana’s position with respect to the offer.
Dana’s shareholders, and its customers, suppliers and employees, are strongly advised to carefully read Dana’s solicitation/recommendation statement, when it becomes available, regarding the tender offer referred to in this press release, because it will contain important information.
Free copies of the solicitation/recommendation statement, which will be filed by Dana with the Securities and Exchange Commission, will be available at the SEC’s web site at www.sec.gov , or at the Dana web site at www.dana.com, and will also be available, without charge, by directing requests to Dana’s Investor Relations Department.