Allison Transmission Holdings Inc. Buyback
OLI recorded this information on 11/8/2017
Company:
Allison Transmission Holdings Inc.
Buyback:
ALSN buyback
$Amount Authorized:
$500,000,000
Buyback Details:
Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its board of directors approved a new authorization under the Company's current stock repurchase program for the repurchase of up to an additional $500 million of the Company's outstanding common stock. The new authorization brings the total amount authorized under the program to $1.5 billion. The Company anticipates repurchasing its common stock under the stock repurchase program from time to time through Dec. 31, 2019.
Allison Transmission Holdings is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles and is also engaged in providing electrified propulsion systems. Co.'s products are used in a variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school and transit), motorhomes, off-highway vehicles and equipment (primarily energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked).
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Hold (2.12 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ALSN Stock Forecast Based on Zacks ABR data; powered by Xignite |