Centerbridge Invests in Dana


A consortium led by New York private equity firm Centerbridge Capital Partners has had its $750 million investment into auto supplier Dana approved by trade unionists. Dana is based in Ohio, and about half of its 8,000 strong workforce have union representation. Centerbridge's investment will allow Dana to set-up special pension trusts, voluntary employees' beneficiary associations, managed by the unions. http://www.centerbridge.com