Allison Transmission (ALSN) PT Raised to $39 at Barclays
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Allison Transmission announces Stock Repurchase Agreement with ValueAct Capital and Cooperation Agreement with Ashe Capital
February 6, 2017 4:06 PM ESTINDIANAPOLIS, Feb. 6, 2017 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that it has entered into a Stock Repurchase Agreement with ValueAct Capital Master Fund, L.P. ("ValueAct Capital") and has entered into a Cooperation Agreement with Ashe Capital Management LP ("Ashe Capital"). The Company also announced that William R. Harker of Ashe Capital will be nominated for election to the Company's board of directors at the Company's 2017 annual meeting of stockholders, taking the place of Gregory P. Spivy of ValueAct Capital, who has indicated that he will not stand for reelection.
... MoreAllison Transmission Announces Fourth Quarter and Full Year 2016 Results
February 6, 2017 4:01 PM ESTINDIANAPOLIS, Feb. 6, 2017 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today reported net sales for the fourth quarter of $469 million, a 2 percent decrease from the same period in 2015. The decrease in net sales was principally driven by lower demand in the North America On-Highway and Global Off-Highway end markets partially offset by higher demand in the Outside North America On-Highway, Defense and Service Parts, Support Equipment & Other end markets.
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