Air Lease (AL) Soars on $28.2-Billion Buyout Deal

We recently published 10 Power Stocks Crushing Wall Street — 7 at All-Time Highs. Air Lease Corp. (NYSE:AL) is one of the best performers on Tuesday.

Air Lease soared to a new all-time high on Tuesday, as investors gobbled up shares following news that it was set to be acquired by an Ireland-based company for a total of $28.2 billion.

At intra-day trading, Air Lease Corp. (NYSE:AL) rallied to as high as $64.30 before paring gains to end the day just up by 6.76 percent at $64.28 apiece.

This followed news that it signed a definitive agreement with a new Ireland-based holding company for the sale of its outstanding and issued shares. The acquiring company is jointly owned by Japan-based conglomerate Sumitomo Corp., as well as SMBC Aviation Capital Ltd., and investment vehicles affiliated with Apollo and Brookfield.

Under the terms, each shareholder holding each Class A common share will be able to receive $65 in cash payment, marking a 7-percent premium over the company’s closing price of $60.66 on August 28, 2025; a 14-percent premium over the volume weighted average price (VWAP) during the 30-day period ending August 29; and 31 percent over the VWAP over the last 12 months.

The total, $28.2 billion, included debt obligations to be assumed or refinanced net of cash. Excluding the latter, the acquisition price would amount to $7.4 billion.

Air Lease Corp. (NYSE:AL) said it expected to close the transaction by the first half of 2026.

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Disclosure: None. This article is originally published at Insider Monkey.