Air Lease Corp. (NYSE:AL) hit a new high after news of a $28.2 billion buyout deal with an Ireland-based company. Shareholders will receive $65 per Class A common share, marking significant premiums. The deal is expected to close by the first half of 2026, excluding cash, the acquisition price is $7.4 billion.

The acquiring company is jointly owned by Sumitomo Corp., SMBC Aviation Capital Ltd., and investment vehicles affiliated with Apollo and Brookfield. The $28.2 billion total includes debt obligations to be assumed or refinanced net of cash. Air Lease expects the transaction to close by the first half of 2026.

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Read more at Yahoo Finance: Air Lease (AL) Soars on $28.2-Billion Buyout Deal