Air Lease shares up after $7.4 billion buyout deal

Air Lease

02/09/2025 11:34

** 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

 (Reporting by Parth  Chandna)

 ((Parth.Chandna@thomsonreuters.com;))