{"id":652761,"date":"2013-04-16T18:11:40","date_gmt":"2013-04-16T22:11:40","guid":{"rendered":"http:\/\/www.pehub.com\/?p=196683"},"modified":"2013-04-16T18:11:40","modified_gmt":"2013-04-16T22:11:40","slug":"pe-backed-allison-transmission-announces-secondary-offering","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652761","title":{"rendered":"PE-Backed Allison Transmission Announces Secondary Offering"},"content":{"rendered":"
\"\"<\/a>Indianapolis, Indiana-based Allison Transmission Inc.,<\/strong> a manufacturer of transmissions and\u00a0hybrid-propulsion systems for commercial vehicles,\u00a0announced a proposed secondary offering of 22,000,000 common shares by private equity owners The Carlyle Group<\/strong> and Onex Corp<\/strong>.\u00a0Following the offering, Carlyle and Onex will continue to own up to 70% of the company’s total outstanding shares. The two buyout firms acquired Allison in 2007 for US$5.6 billion.<\/div>\n
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PRESS RELEASE<\/p>\n

Allison Transmission Announces Proposed Sale of 22,000,000 Shares of Common Stock by Selling Stockholders<\/strong><\/p>\n

15 Apr 2013<\/p>\n

Allison Transmission Holdings, Inc. (NYSE: ALSN), the world\u2019s largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. defense vehicles and hybrid-propulsion systems for transit buses, announced today a proposed secondary offering of 22,000,000 shares of its common stock by investment funds affiliated with The Carlyle Group and Onex Corporation (the \u201cSponsors\u201d). A group led by BofA Merrill Lynch, Citigroup and J.P. Morgan will act as the underwriters in the proposed registered public offering of those shares. In addition, the underwriters will have an option to purchase up to 3,300,000 additional shares from the Sponsors. All of the shares are being sold on a pro rata basis by the Sponsors, which are existing stockholders of Allison Transmission Holdings, Inc. (\u201cAllison\u201d), in accordance with their current interests. Following the offering, the Sponsors will continue to beneficially own an aggregate of approximately 128,697,499 shares, or approximately 70% in the aggregate, of Allison\u2019s outstanding common stock after giving effect to the offering (or approximately 125,397,499 shares, or approximately 68% in the aggregate if the underwriters fully exercise their option to purchase additional shares). The total number of outstanding shares of Allison\u2019s common stock will not change as a result of the offering.<\/p>\n<\/div>\n

A copy of the preliminary prospectus related to the offering may be obtained, when available, from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or e-mail dg.prospectus_requests@baml.com; Citigroup, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146); and J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866-803-9204.<\/p>\n

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

Photo courtesy of Shutterstock<\/a>.<\/em><\/p>\n

The post PE-Backed Allison Transmission Announces Secondary Offering<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Indianapolis, Indiana-based Allison Transmission Inc., a manufacturer of transmissions and\u00a0hybrid-propulsion systems for commercial vehicles,\u00a0announced a proposed secondary offering of 22,000,000 common shares by private equity owners The Carlyle Group and Onex Corp.\u00a0Following the offering, Carlyle and Onex will continue to own up to 70% of the company’s total outstanding shares. The two buyout firms acquired […]<\/p>\n","protected":false},"author":7606,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652761","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7606"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652761"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652761\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}