Submitted by MarketFolly on Tue, 2017-02-07 12:00
- Jeff Ubben's activist firm ValueAct Capital recently announced an agreement with Allison Transmission to sell shares back to the company, per an 8-K filed with the SEC. Allison will buy 10.52 million shares at a price of $34.50 per share and the transaction is expected to close tomorrow.
- Just yesterday, we highlighted how ValueAct also sold some Microsoft shares.
- Also worth noting: Ashe Capital Management, an owner of 6.1% of ALSN, just filed a 13D noting that they'd be nominating William Harker to the board of the company in absence of ValueAct's representative.