ValueAct Capital Sells Allison Transmission Shares Back to Company | Value Investing News

ValueAct Capital Sells Allison Transmission Shares Back to Company

  • 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.
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