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AerSale Announces $45 Million Share Repurchase from Major Shareholder

1. AerSale to repurchase 6.428 million shares at $7.00 each. 2. Share count reduction expected to enhance shareholder value.

Shares Buyback
-2.86%Current Return
VS
-0.39%S&P 500
$8.3903/17 07:30 AM EDTEvent Start
$8.1503/18 02:01 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks generally indicate confidence and can increase EPS; similar moves have historically led to price appreciation, such as when companies like Apple executed buybacks, resulting in stock price increase post-announcement.

How important is it?

The share repurchase is a strategic move that indicates financial strength and may attract investors, increasing the likelihood of price movement.

Why Short Term?

Market reactions to share buybacks are typically immediate, seen in past cases like major tech firms; this transaction could boost market sentiment quickly.

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DORAL, Fla.--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) (the “Company” or “AerSale”), a leading provider of aviation products and services, announced today that it entered into a definitive agreement to repurchase approximately 6.428 million 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 approxi.

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