Allison Transmission (ALSN) PT Raised to $39 at Barclays

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Allison Transmission (ALSN) Enters Stock Repurchase Agreement With ValueAct and Cooperation Agreement with Ashe Capital

February 6, 2017 4:09 PM EST

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.

"The Stock Repurchase Agreement... More

Allison Transmission (ALSN) Tops Q4 EPS by 9c

February 6, 2017 4:04 PM EST

Allison Transmission (NYSE: ALSN) reported Q4 EPS of $0.36, $0.09 better than the analyst estimate of $0.27. Revenue for the quarter came in at $469 million versus the consensus estimate of $429.66 million.

Expects 2017 net sales to be in the range of up 1.5 to 4.5 percent compared to... More