Allison Transmission Releases Pro Forma Financials Reflecting Dana OH Acquisition
Allison Transmission Holdings Inc. has issued pro forma combined financial statements reflecting its recent acquisition of Dana OH. The statements provide a look at the company's anticipated financial position and performance, incorporating both Allison's and Dana OH's results as if the merger had already taken place. The pro forma figures include adjustments for acquisition-related expenses and expected operational synergies, with Pro Forma Adjusted EBITDA margins projected to improve to 28.5% following the full run-rate impact of $120 million in cost synergies. Allison noted that some numbers in the initial release were found to be incorrect and will be updated in due course.
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