BUZZ-Air Lease shares up after $7.4 billion buyout deal

Reuters
2025.09.02 10:34
portai
I'm PortAI, I can summarize articles.

Air Lease shares rose 6% to approximately $64 in premarket trading following a $7.4 billion acquisition agreement. The company will be acquired by a newly formed holding company backed by Sumitomo Corporation, SMBC Aviation Capital, and investment funds managed by Apollo and Brookfield. Shareholders will receive $65 in cash per share, reflecting a 7% premium over the stock's all-time high closing price. The deal is anticipated to close in the first half of 2026.

Air Lease (AL.N) shares up 6% to about $64 in premarket trade after it agrees to be acquired for $7.4 billion in cash

Co says to be acquired by a newly formed holding company, backed by Sumitomo Corporation, SMBC Aviation Capital, and investment funds managed by Apollo and Brookfield

AL’s stockholders to receive $65 in cash, representing a total valuation of about $7.4 billion

The cash consideration of $65.00 per share represents a 7% premium over Air Lease’s all-time high closing stock price on August 28, 2025

AL says the deal is expected to close in the first half of 2026

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.