Recs

2

Allison Transmission Increases Share Offering Size

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Indianapolis-based Allison Transmission Holdings (NYSE: ALSN  ) is getting bigger -- or at least share offering is.

On Tuesday evening, the world's largest manufacturer of fully automatic transmissions of medium and heavy-duty commercial vehicles, medium and heavy tactical U.S. defense vehicles, and hybrid gas electric transit buses announced that it is increasing the size of its secondary offering of shares by selling insider stockholders. Previously slated for 16.6 million shares in size, Allison's offering will now increase to 20.7 million shares, plus as many as 3.1 million more shares if the offering's underwriters exercise an overallotment option.

Shares will be offered at $22 apiece, making this secondary offering worth up upwards of $520 million before costs, fees, and expenses. However, Allison itself will not receive any of this cash. Rather, all proceeds will go to the insider shareholders selling shares in to the market.

Allison's two largest shareholders, owning 34.5% of the company each, are private equity firms Onex Corporation (TSX: OCX  ) and the Carlyle Group (NASDAQ: CG  ) .


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2585333, ~/Articles/ArticleHandler.aspx, 9/1/2015 6:17:46 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated 9 hours ago Sponsored by:
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASD 4,776.51 -51.82 -1.07%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/31/2015 4:02 PM
ALSN $28.60 Down -0.64 -2.19%
Allison Transmissi… CAPS Rating: ***
OCX $80.10 Up +0.35 +0.44%
ONEX CORPORATION S… CAPS Rating: No stars