AL Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Air Lease Corporation to Institutional Investors

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the sale of Air Lease Corporation for $65.00 per share, which is significantly below the target price of $72.00 set by J.P. Morgan analyst Jamie Baker [1][2][3]. Group 1: Sale Details - Air Lease Corporation has agreed to be sold for $65.00 per share in cash to a new holding company based in Dublin, Ireland, backed by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo and Brookfield [1][3]. - The sale price represents a discount of over 10% compared to the company's balance sheet book value, raising concerns among investors regarding the valuation [4]. Group 2: Investor Sentiment - At least two investors have expressed disappointment regarding the sale price on SeekingAlpha, indicating that they believe the company is worth more than the agreed sale price [2][4]. - One investor specifically criticized the management for agreeing to a sale price that is below the perceived value of the company [4]. Group 3: Investigation Purpose - The investigation aims to determine whether the Air Lease Board of Directors acted in the best interests of shareholders in approving the sale and whether all material information regarding the transaction has been fully disclosed [4].

AL Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Air Lease Corporation to Institutional Investors - Reportify