TOLEDO, Ohio -- Dana Holding Corp. has priced a public offering of 34 million shares of its common stock at $6.75 per share. The size of the common stock offering has been increased from the previously announced 27 million shares. In conjunction with the offering, Dana has granted the underwriters a 30-day option to purchase up to 5.1 million additional shares. Goldman, Sachs & Co. is serving as the sole book-runner, with Citi, J.P. Morgan, Barclays Capital, Deutsche Bank Securities and UBS Investment Bank serving as co-managers for the offering.

Dana plans to use the net proceeds of the stock offering for general corporate purposes including flexibility for future expansion and restructuring of operations. Additionally, in accordance with the terms of its credit agreement, the company will use approximately 50 percent of the proceeds to repay debt.

The shares will be issued pursuant to an effective shelf registration statement that was filed with the Securities and Exchange Commission (SEC).