Letter to All DANA Employees (DANA was a holding company under Dornier LLC)
February 10, 2003
Further to my letter dated January 29, 2003.
The Bankruptcy Court in the Eastern District of Virginia today approved DANA’s plan of reorganization and the sale of substantially all of its assets to M7 Capital, LLC. M7 Capital was also the winning bidder for the FAI assets.
The closing or transfer of the assets will take place some time between February 21 and March 17, 2003. During that time period, M7 Capital will inform DANA of the employees it wishes to hire. DANA and M7 Capital will make every effort to make this transition as smooth as possible.
We will let you know of any other developments as soon as they become available.
Dr. Christof Schiller