AerSale (ASLE) announced that it entered into a definitive agreement to repurchase approximately 6.43M shares of stock from its long-term private equity sponsor Leonard Green & Partners, L.P., at a negotiated price of $7.00 per share. Following the close of the transaction, the company expects its outstanding share count to be reduced by approximately 12% and the transaction is expected to close on or around March 18. Concurrent with the announced stock transaction, the company also announced that Jonathan Seiffer will step down from the board of directors, effective immediately.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASLE:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue