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Air Lease Set to be Purchased for $65.00 Per Share in Cash
Air Lease Air Lease (US:AL) ZACKSยท2025-09-03 18:46

Core Viewpoint - Air Lease Corporation (AL) has signed a definitive agreement to be acquired by a new holding company based in Dublin, Ireland, with shares held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo and Brookfield [1] Acquisition Deal Details - Air Lease shareholders will receive $65 per share of Class A common stock, valuing the deal at nearly $7.4 billion, or $28.2 billion including debt obligations to be assumed or refinanced net of cash [4] - The cash consideration represents a 7% premium over AL's all-time high closing stock price on August 28, 2025, 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 [5] Transaction Timeline and Conditions - The deal is expected to be completed in the first half of 2026, subject to customary closing conditions including approval by Air Lease's Class A common shareholders and certain regulatory approvals [2][9] - The board of directors of Air Lease has ratified the agreement, and certain executive officers have agreed to vote in favor of the transaction [2] Company Leadership Statements - Steven Udvar-Hazy, chairman of Air Lease's board, emphasized that the transaction represents the best path forward for the company, providing immediate premium and certainty in cash value to shareholders [3] - John L. Plueger, CEO and president of Air Lease, expressed confidence that the transaction will benefit all common stockholders and highlighted the strength of Air Lease's business and partnerships in the aviation industry [6] Stock Performance - Following the announcement of the acquisition, shares of Air Lease closed at $64.28 on September 2, 2025, reflecting a 6.76% increase from the previous day's closing [7]