AIG (AIG), AerCap (AER) in Talks Over AIG's Jet-Leasing Unit
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AIG (AIG) to Sell ILFC Jet-Leasing Unit in $5.4B Deal with AerCap (AER)
December 16, 2013 6:12 AM ESTAmerican International Group, Inc. (NYSE: AIG) announced that it has entered into an agreement under which AIG will sell its 100 percent interest in International Lease Finance Corporation (ILFC), a non-core asset, to AerCap Holdings N.V. (NYSE: AER). Total consideration for the transaction, consisting of $3.0 billion of cash and 97,560,976 newly issued AerCap common shares, has a value of approximately U.S. $5.4 billion based on AerCaps closing price per share of $24.93 on December 13, 2013. The transaction, which is expected to close in the second quarter of 2014, marks the last... More
AerCap (AER) Unlike to Make Bad Deal on AIG's ILFC Unit
December 13, 2013 3:15 PM ESTRumors Thursday said AerCap (NYSE: AER) and American International Group (NYSE: AIG) were in talks over AIG's ILFC unit. Commenting, analyst Gary S. Liebowitz of Wells Fargo said there were a lot of unknowns, but overall he doesn't... More
