Bohai to buy Avolon
Source: Agencies |
August 11, 2015, Tuesday
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Print Edition
Print Edition
CHINA’S Bohai Leasing Co has entered into an exclusivity agreement to buy Irish aircraft leasing firm Avolon Holdings Ltd for US$2.64 billion.
The offer of US$32 per share is a premium of 11.3 percent to Avolon’s Friday close of US$28.76. Avolon said last month that it was considering a US$31 per share offer from Bohai, as well as a rival US$30 bid from an unidentified bidder.
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