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Allison Transmission Plans $750M IPO

Allison Transmission Holdings is planning to sell up to $750 million in stock through an initial public offering.

    Allison Transmission Holdingsis planning to sell up to $750 million in stock through an initial public offering,The Wall Street Journalreports. The company intends to use the proceeds for repay debt and general corporate purposes.

    The manufacturer of fully-automatic transmissions maker has appointedBofA Merrill Lynch,Citi,JP Morgan,Credit Suisse,Morgan StanleyandGoldman Sachsas the underwriters for the proposed initial public offering.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromReuters.

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