STAMFORD, Calin., March 27, 2020 /PRNewswire/ — Aircastle Limited (NYSE: AYR) (“Aircastle”) announced today that it has completed the previously announced merger with a company controlled by subsidiaries of Marubeni Corporation (“Marubeni”) and Mizuho Leasing Company, Limited (“Mizuho Leasing”). The closing of the transaction follows the receipt of administrative approval from all government authorities required by the merger agreement and the agreement of Aircastle`s shareholders. “On behalf of the Aircastle Board of Directors, I would like to thank our shareholders for their support of this transaction,” said Peter V. Ueberroth, Chairman of the Aircastle Board of Directors. “We look forward to working with Marubeni and Mizuho Leasing to complete the merger,” added Michael J. Inglese, Chief Executive Officer of Aircastle. STAMFORD, Connecticut, 6 years old. NOVEMBER 2019 (NewsRx) – By a News Reporter-Staff News Editor of Mergers & Acquisitions Daily News – Aircastle Limited (NYSE: AYR) (“Aircastle”) announced that it has entered into a definitive agreement for the acquisition by a newly created company controlled by related companies 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 (excluding shares already held by Marubeni and its related companies), for a total valuation of approximately $2.4 billion, or approximately $7.4 billion, debt commitments, which will be taken over or refinanced. Following the merger, Aircastle became a subsidiary of MM Air Limited, a company controlled by subsidiaries of Marubeni and Mizuho Leasing, and Marubeni Aviation Holding Coƶpera U.A.
The cash payment of $32.00 per share corresponds to a 34% premium to Aircastle`s closing price on October 23, 2019, the last trading day prior to Aircastle`s public announcement that Aircastle is exploring strategic alternatives and a 41% premium to the volume-weighted average share price during the 20 trading days on October 23, 2019. . By using this site, you agree to the control and security check. For security reasons and to ensure that the public service remains available to users, this national computer system uses network traffic monitoring programs to identify unauthorized testing, upload or modify information or cause other damage, including attempts to deny service to users. . . .