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Investing.com -- Air Lease Corporation (NYSE:AL) stock surged 5.5% following the announcement that the aircraft leasing company has agreed to be acquired in a deal valuing it at approximately $7.4 billion, or $28.2 billion including debt.
Under the terms of the agreement, Air Lease stockholders will receive $65.00 in cash for each share of Class A common stock, representing a 7% premium over the company’s all-time high closing price on August 28, 2025.
The acquiring entity is a new Dublin-based holding company whose shares are held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo managed funds and Brookfield.
The cash consideration also represents a 14% premium over the volume weighted average share price during the 30 trading day period ended August 29, 2025, and a 31% premium over the volume weighted average share price during the last 12-month trading period ended August 29, 2025.
"After thoughtful consideration, the Board has unanimously determined that this transaction represents the best path forward for our company as it will deliver an immediate premium and certainty in cash value to our Class A common stockholders," said Steven Udvar-Hazy, Chairman of the Board of Air Lease.
The Board of Directors of Air Lease has unanimously approved the agreement.
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