Allison Transmission (ALSN) Declares $0.15 Quarterly Dividend, 1.3% Yield; Reports $232M Share Repurchase from Ashe Capital, Boosts Buyback Plan to $3B (from $2B)

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Go back to Allison Transmission (ALSN) Declares $0.15 Quarterly Dividend, 1.3% Yield; Reports $232M Share Repurchase from Ashe Capital, Boosts Buyback Plan to $3B (from $2B)

Allison Transmission Announces Stock Purchase Agreement with Ashe Capital, a $1 Billion Increase to the Stock Repurchase Authorization and Declares Quarterly Dividend

May 9, 2019 4:05 PM EDT

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 Companys 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 Companys common stock and... More