AAR CORP (AIR) Announces Implications from Telair International GmbH and Nordisk Aviation Products Acquisition
Tweet
Share
E-mailGet Alerts AIR Hot Sheet
Price: $134.82 +1.84%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +22.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +22.2%
Join SI Premium – FREE
AAR CORP. (NYSE: AIR) announced today that it expects to close on the acquisition of Telair International GmbH and Nordisk Aviation Products, AS during the first week of December.
The Company expects to recognize approximately $1.5 – $2.0 million ($0.02 - $0.03 per diluted share) in acquisition related expenses during the Company's fiscal second quarter ending November 30th, 2011.
Additionally, the Company plans to update its outlook for fiscal 2012 to reflect the expected impact of the acquisition during its second quarter earnings call on December 16th, 2011.
The Company expects to recognize approximately $1.5 – $2.0 million ($0.02 - $0.03 per diluted share) in acquisition related expenses during the Company's fiscal second quarter ending November 30th, 2011.
Additionally, the Company plans to update its outlook for fiscal 2012 to reflect the expected impact of the acquisition during its second quarter earnings call on December 16th, 2011.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
- S&P 500 may pull back before midterms, but Citi says buy the dip
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
