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  • AerCap Holdings (AER) Rally Continued 0 comments
    Dec 17, 2013 5:20 PM | about stocks: AER

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2013/12/17/saupload_aer.jpg AerCap Holdings N.V. (NYSE:AER)

    AER closed at $34.97, up $1.80 (or +5.43%), and 4,393,262 of its shares exchanged hands on Tuesday's trading session.

    The price target of AER was raised from $22.00 to $40.00 by brokerage firm FBR Capital. The company reported that it has entered into a definitive agreement with American International Group, Inc. (NYSE:AIG) under which AER 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 AER shares. The combined company will retain the name AerCap, and ILFC will become a wholly-owned subsidiary of AER.


    AER is one of the world's leading aircraft leasing companies.

    More about AerCap Holdings N.V. (AER) at www.aercap.com


    Read Full Disclaimer at www.drstockpick.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AER
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