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Allison Transmission (ALSN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Allison Transmission (ALSN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
VIRC, BPOP and ALSN made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 23, 2025.
RGLD, ALSN and VIRC made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 23, 2025.
DPMLF, EGO, AFYA, ALSN and HMN have been added to the Zacks Rank #1 (Strong Buy) List on June 23, 2025.
Allison to acquire Dana's Off-Highway unit for $2.7B, aiming to expand core tech and boost commercial-duty solutions.
Auto components maker Dana on Wednesday announced that it has reached a definitive agreement to sell its off-highway business to Allison Transmission for $2.7 billion.
INDIANAPOLIS , June 11, 2025 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion. This acquisition aligns with Allison's strategic priorities to expand its emerging markets footprint, enhance core technologies and deliver strong financial results.
Price represents 7x the expected 2025 adjusted EBITDA of the Off-Highway business Strengthens balance sheet through substantial debt reduction Positions Dana with a streamlined go-to-market approach dedicated to on-highway light- and commercial-vehicle customers Announcing a new $1 billion capital return authorization through 2027 with $550 million of capital return to shareholders at or before closing of the Off-Highway business sale MAUMEE, Ohio , June 11, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced that it has reached a definitive agreement to sell its Off-Highway business to Allison Transmission Holdings, Inc. (NYSE: ALSN; "Allison") for $2.7 billion. This represents 7x the expected 2025 adjusted EBITDA of the Off-Highway business.