UPDATE 1-Judge approves Dana deal with unions, Centerbridge

(Reuters) - U.S. Bankruptcy Judge Burton Lifland approved the $500
million Centerbridge plan and Dana contracts with the United
Auto Workers and the United Steelworkers unions after changes
to the original proposals resolved many objections.




Dana, which filed for bankruptcy protection in March 2006
in New York, expects to file a reorganization plan by the
beginning of September and to exit bankruptcy by the end of
2007.


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