Aircastle Limited (AYR) Raises Quarterly Dividend 6.7% to $0.32; 4% Yield

Go back to Aircastle Limited (AYR) Raises Quarterly Dividend 6.7% to $0.32; 4% Yield

Aircastle Limited (AYR) Agrees to Be Acquired by Affiliates of Marubeni and Mizuho Leasing for $32/Share

November 6, 2019 6:21 AM EST

Aircastle Limited (NYSE: AYR) entered into a definitive agreement to be acquired by a newly-formed entity controlled by affiliates of Marubeni Corporation ("Marubeni") and Mizuho Leasing Company, Limited ("Mizuho Leasing"). Under the terms of the merger agreement, Aircastle shareholders will receive $32.00 in cash for each common share of Aircastle (other than shares already owned by Marubeni and its affiliates), representing a total valuation of approximately $2.4 billion, or approximately $7.4 billion including debt obligations to be assumed or... More