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BRIEF-Allison Transmission says William Harker of Ashe Capital will be nominated to board
February 6, 2017 / 9:19 PM / in 8 months

BRIEF-Allison Transmission says William Harker of Ashe Capital will be nominated to board

Feb 6 (Reuters) - Allison Transmission Holdings Inc :

* Allison Transmission announces stock repurchase agreement with Valueact Capital and cooperation agreement with Ashe Capital

* Allison Transmission Holdings - William Harker of Ashe Capital will be nominated for election to board at 2017 annual meeting of stockholders

* Allison Transmission Holdings Inc- under stock repurchase agreement has agreed to repurchase 10.5 million shares of company’s common stock

* Allison Transmission Holdings Inc says entered into a stock repurchase agreement with Valueact Capital Master Fund L.P.

* Intends to fund repurchase with cash on hand and borrowing under its revolving credit facility Source text for Eikon: Further company coverage:

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