AAR To Acquire A 65% Interest In MRO Holdings For An Equity Value Of ~$1.8B; To Fund Deal With $2.10B Debt, $780M Equity At $135/Share, $230M PIPE; Co. Has Option To Buy Remaining 35% Of MRO Holdings In Tranches Over Six Years
AAR CORP. (NYSE:AIR) (the "Company" or "AAR"), a leading Parts, Repair, and Software platform in the aviation aftermarket, today announced it has entered into a definitive agreement to acquire a 65%
AAR is buying most of a big airplane parts company called MRO Holdings. The company is borrowing money and selling new shares to pay for this large deal.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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