Aerospace & Defense M&A » By The Online Investor Staff, updated Wed., Apr. 24, 9:23 AM
Recent mergers and acquisitions in the Aerospace & Defense M&A category.
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Slide #20. AerCap Holdings N.V. — International Lease Finance Corporation
Acquirer:
AerCap Holdings N.V. (NYSE:AER)
Acquiree:
International Lease Finance Corporation
Details:
AerCap Holdings N.V. ("AerCap") (NYSE:AER) today announced that it has entered into a definitive agreement with American International Group, Inc. ("AIG") (NYSE:AIG) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation ("ILFC"), a wholly-owned subsidiary of AIG. Under the terms of the agreement, AIG will receive $3.0 billion in cash and 97,560,976 AerCap shares.
AerCap Holdings is a holding company. Through its subsidiaries, Co. is engaged in aircraft leasing. Co. focuses on acquiring aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. Co. leases most of its aircraft to airlines under operating leases. Under these leases, the lessee is responsible for the maintenance and servicing of the equipment during the lease term and Co. receives the benefit, and assumes the risks, of the residual value of the equipment at the end of the lease. Co. provides aircraft and engine asset management and corporate services to securitization vehicles, joint ventures and other third parties.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 99th percentile
(ranked higher than approx. 99% of all stocks covered)
Analysts' Target Price: AER Stock Forecast Based on Zacks ABR data; powered by Xignite |
