Manufacturers prowling for skilled workers
Factories laid off droves of workers during the recession but now struggle to find tech-savvy employees during the recovery.
Allison Transmission
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Dynamics in place to mint public companies aplenty
Indianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on the strengthening economy and improving investor appetite for new issues.
Allison shares rise in first day after expanded IPO
Allison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer raised more than sought in its initial public offering.
Analysts lukewarm to Allison ahead of market debut
Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.
Allison’s private-equity owners to get IPO spoils
When Allison Transmission Holdings Inc. a year ago filed plans to go public, it said some of the proceeds would go toward reducing billions of dollars in debt. But, in an updated filing with the SEC, the company reversed course, saying all of the more than $500 million that’s expected to be raised would go to its private-equity owners.
Allison Transmission seeks $522M in initial public offering
Indianapolis-based Allison Transmission Holdings Inc., the former parts unit of General Motors Co., is seeking to raise as much as $522 million for its private-equity owners in an initial public offering.
Allison Transmission profits tripled in 2011
Net income of $103 million last year compares with a profit of $29.6 million in 2010 and a loss of $323.9 million in 2009, according to a document the transmission maker filed Feb. 17 with the Securities and Exchange Commission as part of its planned IPO.
Allison reaches production milestone
Manufacturer churns out 5,000th system for hybrid buses, a transmission used round the world.
Allison Transmission profits surge on global sales
The manufacturer was more profitable in the first nine months of this year than all of last year.
Allison Transmission still chasing initial public offering
Allison Transmission Inc. hasn’t given up on going public, despite nearly eight months passing since its initial filing with the Securities and Exchange Commission.
Allison cuts ribbon on assembly plant in Hungary
The 150-employee operation will ship products to international customers.
Weak market could derail Allison’s planned IPO
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
Allison Transmission prepares to enter nascent hybrid market
The industry is waiting for the magic combination of high fuel prices and government-backed incentives to turn potential into profit.
Allison to add 200-plus jobs over next two years
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
West 10th Street to be rerouted in Speedway
The town of Speedway will reroute West 10th Street to help Allison Transmission consolidate its parking lots and accommodate new employees tied to a hybrid transmission the company is developing.
Obama set to visit Speedway manufacturer
President Barack Obama plans to make a trip to Indianapolis on Friday to visit Speedway-based manufacturer Allison Transmission Inc., the company confirmed Monday afternoon.
Trucking industry upswing may draw investors to Allison IPO
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
Allison Transmission files for $750M IPO
Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
IPO could help ease Allison Transmission’s debt
Allison Transmission Inc.'s enormous debt load is probably one factor driving the company to consider a public offering, an investment analyst said Monday morning.
Report: Allison may raise up to $1B in IPO
The Indianapolis company, the world's largest maker of commercial transmissions, may go public in the third quarter, Reuters reported.