AAR Corp. (AIR) Says 4.24M Shares Purchased in Modified Dutch Auction Tender

AAR CORP. (NYSE: AIR) announced today the preliminary results of its "modified Dutch auction" tender offer to purchase shares of its common stock for an aggregate cash purchase price of not more than $135 million. The tender offer expired at the end of the day, 12:00 midnight, New York City time, on May 22, 2015.

Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 4,240,088 shares of AAR CORP. common stock were properly tendered and not properly withdrawn at or below the expected purchase price of $31.90 per share, including 486,166 shares that were tendered through notice of guaranteed delivery.

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