Allison Transmission Announces Stock Purchase Agreement with Ashe Capital, a $1 Billion Increase to the Stock Repurchase Authorization and Declares Quarterly Dividend
Allison Transmission Holdings, Inc. (ALSN)
Last allison transmission holdings, inc. earnings: 2/19 04:05 pm
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US:NYSE Investor Relations:
ir.allisontransmission.com
Company Research
Source: Business Wire
INDIANAPOLIS--(BUSINESS WIRE)-- Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today announced that it has repurchased 4,977,043 shares of the Company’s common stock from Ashe Capital Management, LP (“Ashe Capital”) for $46.70 per share, or a total purchase price of approximately $232 million, representing a purchase price equal to the May 6, 2019 closing price pursuant to a Stock Purchase Agreement with Ashe Capital dated May 7, 2019. The transaction closed on May 9, 2019. Following the closing of the transaction, Ashe Capital owns approximately 4.1% of the Company’s common stock and William R. Harker has resigned as a member of the Board of Directors (“Board”), effectively immediately. “We have had a constructive relationship with the management team since we first invested in the Company in October 2013, and I have
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ALSN
Earnings
- 4/25/24 - Beat
ALSN
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/3/24 - Form 4
- ALSN's page on the SEC website