ValueAct Buys More Allison Transmission ~ market folly

Friday, October 10, 2014

ValueAct Buys More Allison Transmission

Earlier this week, we highlighted that Jeff Ubben's hedge fund firm ValueAct Capital was out buying some Allison Transmission (ALSN).  With the recent market weakness, that trend continued over the past few days.

Per a Form 4 filed with the SEC, ValueAct Capital has disclosed they've purchased 275,000 additional shares of ALSN at prices ranging from $27.64 to $27.86 on October 7th, 8th, 9th.  After these buys, they now own 18.85 million ALSN shares.

ALSN was just featured in the equity analysis section of our Hedge Fund Wisdom newsletter recently.  Sign up here to immediately catch up on the name and the investment thesis.

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