ValueAct Takes a Nonactivist Stake in Allison—for Now

Jeffrey Ubben’s ValueAct Capital has signaled its newest activist target — or so it appears.

On Wednesday the San Francisco–based hedge fund firm disclosed a 9.9 percent stake in Allison Transmission Holdings after purchasing 13.4 million shares at $23.25 apiece on Monday, November 11, effectively tripling its position.

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