Air Lease up after $7.4 billion buyout deal

Sumitomo

02/09/2025 14:56

Updates

** Air Lease AL.N shares up 6.3% to $64 in early trade

** Aircraft lessor co agrees to $7.4 billion takeover offer from Sumitomo 8053.T, SMBC-backed group

** AL's stockholders to receive $65/shr in cash, implying a 7.9% premium over co's last closing stock price

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

** Including session moves, shares up about 33% YTD

(Reporting by Parth  Chandna)

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