ValueAct Capital Reduces Allison Transmission Stake ~ market folly

Monday, November 28, 2016

ValueAct Capital Reduces Allison Transmission Stake

Jeff Ubben's activist investment firm ValueAct Capital has filed a 13D with the SEC regarding its position in Allison Transmission (ALSN).  Per the filing, ValueAct now owns 6.4% of ALSN with 10.52 million shares.

Per a separately filed Form 4, they sold 2.9 million shares on November 17th at $31.78 and sold an additional 1.4 million shares on November 21st at $32.34.  After these sales, ValueAct still owns 10.52 million shares.

This is the second time ValueAct has trimmed its Allison Transmission stake in recent months.

Per Google Finance, Allison Transmission is "design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment. The Company's transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Company's transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has developed over 100 different models that are used in over 2,500 different vehicle configurations." 

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